Parallel computation is a fast growing computing environment in many areas including computational Bayesian statistics. However, most of the Bayesian parallel computing have been implemented through the sequential Monte Carlo method where model parameters are updated sequentially and it is...

Electricity price forecasting has been a topic of significant interest since the deregulation of electricity markets worldwide. The New Zealand electricity market is run primarily on renewable fuels, and so weather metrics have a significant impact on electricity price and volatility. In this...