How to deal with uncertainty in the optimization of energy trading decisions
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How to deal with uncertainty in the optimization of energy trading decisions

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One of the most important challenges that Energy Trading departments face is how to deal with uncertainty regarding purchase and sale decisions. In this post we will explain, with a very simple example, what it entails to optimize these decisions in uncertain volatile markets, where predictions are not sufficiently reliable.

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Prescriptive Analytics in energy trading
Photo by M. B. M. on Unsplash

Prescriptive Analytics in energy trading

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  • Post category:Industry

Although the word "trading" is usually associated with the stock market, in which Prescriptive Analytics is used extensively to optimize purchases and sales of securities such as stocks or bonds, it also exists in other markets, including energy.

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