Blar i NTNU Open på forfatter "Schürle, Michael"
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A spot-forward model for electricity prices with regime shifts
Paraschiv, Florentina; Fleten, Stein-Erik; Schürle, Michael (Journal article, 2014)We propose a novel regime-switching approach for electricity prices in which simulated and forecasted prices are consistent with currently observed forward prices. Additionally, the model is able to reproduce spikes and ...