X-model: further development and possible modifications

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Tác giả: Sergei Kulakov

Ngôn ngữ: eng

Ký hiệu phân loại: 688.1 Models and miniatures

Thông tin xuất bản: 2019

Mô tả vật lý:

Bộ sưu tập: Metadata

ID: 163122

Comment: 12 pages, 5 Figures, 2 tablesDespite its critical importance, the famous X-model elaborated by Ziel and Steinert (2016) has neither bin been widely studied nor further developed. And yet, the possibilities to improve the model are as numerous as the fields it can be applied to. The present paper takes advantage of a technique proposed by Coulon et al. (2014) to enhance the X-model. Instead of using the wholesale supply and demand curves as inputs for the model, we rely on the transformed versions of these curves with a perfectly inelastic demand. As a result, computational requirements of our X-model reduce and its forecasting power increases substantially. Moreover, our X-model becomes more robust towards outliers present in the initial auction curves data.
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