“…The short-term forecasting can be also supported by various regression models (Liu, Huang, & Hsien, 2005;Zhang, & Li, 2011). Moreover, different methods like neural networks, multiple classifier systems, evolutionary programming, orthogonal lest squares and genetic algorithms are used to create the more accurate short-term energy forecasts (Ye et al, 2006;Chan et al, 2011). There are also approaches based on autoregressive methods (ARMA, ARIMA, EGARCH) and exponential smoothing (Contreras et al, 2003;Bowden, & Payne, 2008).…”