This paper focuses on the time series’ decomposition and economic representation of its constituent parts. Wavelet transforms are used for adaptive analysis of local behaviour of heterogeneous agents. Unlike fully revealing equilibrium of homogeneous beliefs, in the environment with...

In this research, a taxonomy of known electricity demand forecasting techniques is presented based on extensive empirical studies. In addition, a decision strategy for selecting an electricity demand forecasting method has been presented. The strategy has been formulated based on an eight-factor...