The DFG-funded project TARGET (TAming UnceRtainty in EnerGy MarkETs) has started at the DSEE chair. It develops new statistical and econometric time series methods to better model uncertainty in energy markets.

The focus is on both short-term risks, such as extreme price movements and complex dependency structures, and long-term dynamics, including persistence and fundamental drivers. The aim is to significantly improve forecasting methods and risk management in energy markets.

The project partner is Prof. PhDr. Jozef Baruník (IES FSV UK)

Further information