Model Audit & Analysis
Generation owners generally rely on some form of in-house model for forecasting fuel and electric prices and dispatching and valuing their portfolio. This forecasting tool may be as simple as a spreadsheet or as complex as a commercial-scale, LMP model. In either case, generation owners often have questions regarding the robustness of the tool and the accuracy of the resulting forecasts.
Ascend Analytics has developed a rigorous approach to auditing in-house modeling systems. Our analysis provides generation owners and other stakeholders a detailed analysis of model performance based on sophisticated testing. We provide guidance regarding conformity with contemporary modeling standards and areas for improvement.
Generation owners generally rely on some form of in-house model for forecasting fuel and electric prices and dispatching and valuing their portfolio. This forecasting tool may be as simple as a spreadsheet or as complex as a commercial-scale, LMP model. In either case, generation owners often have questions regarding the robustness of the tool and the accuracy of the resulting forecasts.
Ascend Analytics has developed a rigorous approach to auditing in-house modeling systems. Our analysis provides generation owners and other stakeholders a detailed analysis of model performance based on sophisticated testing. We provide guidance regarding conformity with contemporary modeling standards and areas for improvement.
Contact
Jim McMahon 303.415.0017
jmcmahon@ascendanalytics.com
Gary Dorris 303.415.0311
gdorris@ascendanalytics.com
Jim McMahon 303.415.0017
jmcmahon@ascendanalytics.com
Gary Dorris 303.415.0311
gdorris@ascendanalytics.com
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