IIF Tao Hong Award
Dr. Tao Hong is a friend, former SAS colleague, former SAS basketball league opponent, a major contributor to SAS Energy Forecasting software, and now Associate Professor at UNC Charlotte. When he isn't raining three-pointers on me on the basketball court, Tao is Director of the Big Data Energy Analytics Laboratory (BigDEAL) and on the Board of the International Institute of Forecasters. And he has now graciously funded a new award for the best International Journal of Forecasting paper on energy forecasting.
And The Winner Is...
At last month's International Symposium on Forecasting in Cairns, Australia, I was there to witness the first IIF Tao Hong Award, to Professor Rafal Weron of Wroclaw University for his paper:
Per Rob Hyndman's award presentation speech:
Weron’s article is encyclopaedic. It covers the entirety of electricity price forecasting and systematizes a wide field of very disparate models, from statistical models across machine learning to agent models. However, the paper is not only a review; it also presents much needed guidelines for the rigorous use of methods, measures and tests, and it looks ahead and speculates on the directions electricity price forecasting will take in the next decade or so. The paper also has applications beyond electricity price forecasting, and is of particular interest to people in electric load forecasting and call centre forecasting.
To read more about Professor Weron and the award, visit Rob Hyndman’s blog, Hyndsight.