Empirical probability uses the number of occurrences of an outcome within a sample set as a basis for determining the ...
Abstract: Probabilistic electricity price forecasting (EPF) is crucial for optimizing decision-making in modern electricity markets. However, most studies focus on forecasting individual market prices ...
Abstract: Traditionally, the uncertainty qualification is utilized with the known probability distribution function (PDF). However, in some scenarios, the PDFs of some uncertain variables are modeled ...