We run out-of-sample forecasts for the inflation rate of 15 euro-zone countries using a NAIRU Phillips curve and a nai͏̈ve reference model. Comparisons show that the nai͏̈ve model returns better forecasts in almost all cases. We provide evidence that the Phillips curves' goodness of fit is...

We investigate the importance of taking the spatial interaction of turbines inside a wind park into account. This article provides two tests that check for wake effects and thus, take spatial interdependence into account. Those effects are suspected to have a negative influence on wind power...

We provide a wind power forecasting methodology that exploits many of the actual data's statistical features, in particular both-sided censoring. While other tools ignore many of the important "stylized facts" or provide forecasts for short-term horizons only, our approach focuses on medium-term...

In the wind power industry, wind speed forecasts are obtained and transformed into wind power forecasts. The Mycielski algorithm has proven to be an accurate predictor for wind speed in short-term scenarios. Moreover, Mycielski has the capability of forecasting wind power directly, instead of...