Abstract: Probabilistic electricity price forecasting (EPF) is crucial for optimizing decision-making in modern electricity markets. However, most studies focus on forecasting individual market prices ...
This article presents an application for failure probability in long-pipeline gas systems through the development of trend curves over time for the attributes of corrosion wear, which are related to ...
ABSTRACT: We obtain an infinite series expression for the joint probability density function of occupation times in a Three-State Markov chain. By extending the identity given by Darroch, we ...
ABSTRACT: Wind power generation is among the most promising and eco-friendly energy sources today. Wind Power Forecasting (WPF) is essential for boosting energy efficiency and maintaining the ...
Understanding Joint Probability Density Functions | Examples and Key Concepts In this video, we examine joint probability density functions (PDFs), a key concept in probability and statistics that ...
The COS method was introduced in Fang & Oosterlee (2008) and then was applied to pricing a variety of stock options for continuous random variables. This paper adapts the Fourier-cosine series (COS) ...
1 State Grid Shanghai Municipal Electric Power Company, Shanghai, China 2 State Grid Shanghai Jinshan Electric Power Supply Company, Shanghai, China Affected by the light intensity and multiple ...