Progress Update - 25th Feb. - 2nd Mar.
Part A - Machine Learning & Statistics
Development of Power Production
- Data acquisition for training the machine learning model related to energy production (data related to various energy production methods and meteorological data);
- Initial data analysis and processing;
- Further selection and in-depth processing of data, and creation and training of a machine learning model capable of predicting energy production from various sources over a specific period of time (NOTE: the model may be refined or altered in the future as needed);
- Initial analysis of model performance metrics (r^2 and oob score);
- Initiating discussions on incorporating the results obtained by this model and its utilization in the overall project (e.g., integration with the energy market prediction model, prototype, and end-user interface).
Machine Learning and Statistics Energy Price
- Study of the energy market and how prices are calculated;
- Acquisition of data for training the machine learning model related to energy prices;
- Analysis, selection, and processing of data;
Part B - Blockchain Transactions
- Conclusion of the study on how blockchain chains and smart contracts function;
- Conclusion of the research on the legal conditions our project could face in the future;
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