Evolution of Forecasting Techniques for Dynamic Energy Markets

Julie Carey and Derya Eryilmaz

Chapter 1 in Handbook of Energy Finance:Theories, Practices and Simulations, 2020, pp 3-34 from World Scientific Publishing Co. Pte. Ltd.

Abstract: We are in a very dynamic period in our domestic and global energy markets. Market forces are at work in both the shale oil and gas revolution and the development of renewable energy, which are dramatically impacting the energy industry. Transformation of global energy markets highlights the importance of understanding various forecasting methods and technical methods to accurately forecast in such a dynamic market structure. This chapter provides a comprehensive review of the forecasting techniques for energy markets and illustrates them through a case study. This chapter can potentially be utilized by academics and industry practitioners for understanding the evolution of the energy market dynamics.

Keywords: Energy Finance; Financial and Economic Modeling; Volatility; Forecasting; Quantitative Finance; Energy Markets (search for similar items in EconPapers)
JEL-codes: G20 G32 Q40 (search for similar items in EconPapers)
Date: 2020
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