Stochastic Modeling Of Electricity And Related Markets (Advanced Series On Statistical Science & Applied Probability)

by Fred Espen Benth (Author), Fred Espen Benth (Author), Steen Koekebakker (Contributor), Jurate Saltyte-Benth (Contributor)

• New

  Illustrated
  2008

  $162.16

  Offers a treatment on the stochastic modeling of energy markets. This book describes Ornstein-Uhlenbeck processes as the basic modeling tool for spot price dynamics, where innovations are driven by time-inhomogeneous jump processes.