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FREE WEBINAR: Energy Price Forecasts: Indispensable but Impossible?! (PBM943)

    Description

    Indispensable but impossible!? Forecasts of energy prices turned out to be inherently erroneous.
    Energy prices are influenced by heterogeneous, partly interdependent, parameters. Neither standard time series forecasting methods, nor fundamental models succeed(ed) to correctly predict prices for crude oil, natural gas or electricity. Nonetheless, each trade, each production decision or any market action is based on a “view” of future prices.
    In this webinar, results of a detailed independent analysis of past energy price forecasts, standard forecasting methods and ‘backtests’ as well as some current forecasts of energy (incl. hydrogen) prices will be discussed. How can market participants tackle challenges of disruptive markets?

    Webinar Structure: 1 module of approximately 1 hour, including presentation of theory, Q&A session and discussions
    Start Time: 09:00 am CET (Central European Time)

    Course Level: Advanced
    Duration: 1 days
    Instructor: Andrej Pustisek

    Designed for you, if you are...

    • A manager, strategic planner, engineer or geoscientist from industry, consultancy firms, traders or regulatory and governmental institutions, interested in energy price forecasting.

    How we build your confidence

    • Online presentation, based on up-to-date industry information and practical experience
    • Q&A session
    • Interactive discussions

    The benefits from attending

    By the end of the webinar you will feel confident in your understanding of:
    • Energy price forecasts
    • Standard forecasting methods
    • The inherent challenge of price forecasts

    Topics

    • Forecasting requirements and assumptions
    • Times series forecasting
    • Autoregressive methods, polynomial extrapolation, neural networks
    • Backtesting


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