Table 2 Resulting AIC values for considered models over different time windows
From: Novel approaches to the energy load unbalance forecasting in the Italian electricity market
ES | ARIMA | ARIMAX | ARMA-GARCH | ARMAX-GARCH |
|---|---|---|---|---|
2,229.917 | 1,992.997 | 1,985.405 | 16.417 | 16.405 |
2,239.055 | 2,002.135 | 1,998.176 | 16.535 | 16.504 |
2,237.519 | 2,000.600 | 1,998.778 | 16.525 | 16.375 |
2,238.399 | 2,001.083 | 1,999.042 | 16.537 | 16.445 |
2,238.138 | 2,001.106 | 1,999.415 | 16.556 | 16.516 |