Understanding intraday electricity markets: Variable selection and very short-term price forecasting using LASSO
Understanding intraday electricity markets: Variable selection and very short-term price forecasting using LASSO
Bartosz Uniejewski,Grzegorz Marcjasz,R. Weron
2018 · DOI: 10.1016/J.IJFORECAST.2019.02.001
International Journal of Forecasting · 116 Citations
TLDR
The least absolute shrinkage and selection operator (LASSO) is applied to gain statistically sound insights on variable selection and provide recommendations for very short-term electricity price forecasting.