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Demand and residual demand modelling using quantile regression
2016
Renewable Energy and Environmental Sustainability
Residual demand, the difference between demand and solar and wind production, is an important variable in predicting the future price and storage requirements. However, little is known about predicting the residual demand itself as well as its quantiles. Therefore, we model both demand and residual demand using both ordinary and quantile regression and compare the results for the hourly electricity consumption in Germany. We find that the residual demand is less predictable than demand. The
doi:10.1051/rees/2016045
fatcat:e46sjzomxfb35e5s76y4aldbvm