2016
DOI: 10.3390/en9100809
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Dependency-Aware Clustering of Time Series and Its Application on Energy Markets

Abstract: Abstract:In this paper, we propose a novel approach for clustering time series, which combines three well-known aspects: a permutation-based coding of the time series, several distance measurements for discrete distributions and hierarchical clustering using different linkages. The proposed method classifies a set of time series into homogeneous groups, according to the degree of dependency among them. That is, time series with a high level of dependency will lie in the same cluster. Moreover, taking into acco… Show more

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Cited by 7 publications
(4 citation statements)
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References 19 publications
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“…Renewable energy is a critical issue for energy companies from regulation aspects and technological marketing (Bollino & Madlener, 2016) Energy companies have initiated changing their portfolios in terms of sustainability, investing in new technologies to use renewables energy sources at a larger volume and with the best allocation in the energymix. (Ruiz-Abellon et al, 2016)…”
Section: Energy Sectormentioning
confidence: 99%
“…Renewable energy is a critical issue for energy companies from regulation aspects and technological marketing (Bollino & Madlener, 2016) Energy companies have initiated changing their portfolios in terms of sustainability, investing in new technologies to use renewables energy sources at a larger volume and with the best allocation in the energymix. (Ruiz-Abellon et al, 2016)…”
Section: Energy Sectormentioning
confidence: 99%
“…The team of REDYD-2050 has developed some tools to perform energy price forecasting based on non-parametric estimation and neural networks [10]. The study of volatility and market dependencies has been performed through the so-called permutation entropy [11]. This method allows dealing with the seasonal component of the price series before the analysis, improving the capability of the method for the detection of changes in dependence levels along time through the filtering of seasonal patterns in prices (for instance, daily and weekly).…”
Section: Economic Models For Dr and Eementioning
confidence: 99%
“…The aim of the present paper is to illustrate the utility of symbolic dynamic (the time series are codified by means of permutations) in clustering time series by dependency, where the main contribution respect to the works mentioned above are the absence of assumptions and the detection of linear and non-linear dependencies. For that, we have based on the work developed by Ruiz-Abellon et al [20], where the next three aspects are combined: the time series codification by means of permutations, the distance measures among time series and different linkages for hierarchical clustering.…”
Section: Introduction and Main Definitionsmentioning
confidence: 99%