Cuadernos de Economía, Vol. 27, No. 48, 2008
36 Pages Posted: 26 Aug 2008
Date Written: August, 26 2008
Because of the restructuring of the Colombian electricity sector over the last two decades, the behavior of the price of electrical energy has shown increased volatility, reflecting the risk that exists for the different agents who intervene in this market. The purpose of this article is to present a methodology for the implementation of regression models on the historical series of stock market prices of energy in Colombia. As the quantity of data increases, broader models can be developed to adequately describe market behaviors that are impossible to identify using currently available techniques and information.
Notes: Downloadable document is in Spanish.
Keywords: energy market, spot market, time series, market intervention
JEL Classification: C13, C15, C53, Q49
Suggested Citation: Suggested Citation
Botero, Sergio and Cano, Jovan Alfonso, Time Series Analysis for Prediction of Energy Prices on the Colombian Stock Exchange (August, 26 2008). Cuadernos de Economía, Vol. 27, No. 48, 2008. Available at SSRN: https://ssrn.com/abstract=1259230