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System Marginal Price Forecasting Project

This repository contains the starting code for the SMP forecasting project. The goal is to develop a comprehensive price forecasting system for Turkey's electricity market using various machine learning techniques.

Project Structure

  • data/: Raw and processed data files
  • notebooks/: Jupyter notebooks for exploration and analysis .
  • src/: Source code for the project
  • tests/: Unit tests

Getting Started

  1. Clone the repository
  2. Install dependencies: pip install -r requirements.txt
  3. Follow the notebooks in order:
    • Data collection
    • Data exploration
    • Model evaluation

Project Requirements

See the project documentation for detailed requirements and grading criteria.

Models to Implement

Univariate Approaches

  • Statistical Models (ARIMA, SARIMA, PROPHET)
  • Machine Learning Models (SVR, Random Forest, XGBoost)
  • Deep Learning Models (LSTM, Transformer)

Multivariate Approaches

Implement the same models with additional features:

  • Weather data
  • Currency exchange rates
  • Economic indicators
  • Production sources

Evaluation

Models will be evaluated using:

  • MAPE (Mean Absolute Percentage Error)
  • RMSE (Root Mean Square Error)
  • MAE (Mean Absolute Error)

About

System Marginal Price Forecasting Project This repository contains the starting code for the SMP forecasting project. The goal is to develop a comprehensive price forecasting system for Turkey's electricity market using various machine learning techniques.

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