During the past few decades, it has become necessary to develop new tools for exploiting and analysing the ever increasing volume of data. This is one of reason why Functional Data Analysis (FDA) have become a very popular in a constantly growing number of industrial, societal and medical applications. FDA is a branch of statistics that deals with data that can be represented as functions....
Traffic flow estimation plays a key role in the strategic and operational planning of transport networks. Although the amplitude and peak times of the daily traffic flow profiles change from location to location, some consistent patterns emerge within urban networks. In fact, the traffic volumes of different road segments are correlated with each other from spatial and temporal perspectives....
We formulate a semiparametric regression approach to short-term prediction (48 to 72 hours ahead horizons) of electricity prices in the Czech Republic. It is based on complexity penalized spline implementation of GAM hence it allows for flexible modeling of dynamics of the process, important details of the hourly + weekly periodic components (which are salient for both point prediction and its...