by Estate Khmaladze

Journal of Data Science, v.5, no.1, 103-129

Abstract

The paper presents a statistical analysis of electricity spot prices in a deregulated market in New South Wales, Australia, in the period 10 May, 1996 -- 7 March, 1998. It is unusual that a single set of data, such as this, allows one to consider a relatively systematic sequence of statistical problems, each resulting in clear, although not always obvious, solutions. This is the reason why these data and their analysis can be used as a relatively good base for training in practical statistical analysis. Existing formerly as a report, the material has been used in lecture courses in several universities in Australia and New Zealand.

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