Recent years have seen rapid increases in intermittent renewable generation, requiring novel battery energy storage systems (BESS) solutions. One recent trend is the emergence of large grid-connected batteries, that can be controlled to provide multiple storage and flexibility services, using a stacked revenue model. Another emerging development is renewable energy communities (REC), in which prosumers invest in their own renewable generation capacity, but also requiring battery storage for flexibility. In this paper, we study settings in which energy communities rent battery capacity from a battery operator through a battery-as-a-service (BaaS) model. We present a methodology for determining the sizing and pricing of battery capacity that can be rented, such that it provides economic benefits to both the community and the battery operator that participates in the energy market. We examine how sizes and prices vary across a number of different scenarios for different types of tariffs (flat, dynamic) and competing energy market uses. Second, we conduct a systematic study of linear optimization models for battery control when deployed to provide flexibility to energy communities. We show that existing approaches for battery control with daily time windows have a number of important limitations in practical deployments, and we propose a number of regularization functions in the optimization to address them. Finally, we investigate the proposed method using real generation, demand, tariffs, and battery data, based on a practical case study from a large battery operator in the Netherlands. For the settings in our case study, we find that a community of 200 houses with a 330 kW wind turbine can save up to 12,874 euros per year by renting just 280 kWh of battery capacity (after subtracting battery rental costs), with the methodology applicable to a wide variety of settings and tariff types.

The housing market in Ghana has been facing significant challenges, with the rental sector being particularly affected by issues such as the advance rent system, asymmetrical perceptions between landlords and tenants, and the lack of an institutional framework for regulating the market [2]. These challenges create a highly dynamic and often opaque rental environment, where both tenants and landlords face difficulties in determining fair rental prices. This issue is further exacerbated by the absence of comprehensive and up-to-date data on rental trends, making it challenging for stakeholders to make informed decisions. In recent years, the use of machine learning in real estate has gained traction globally as a means to address such challenges. Machine learning (ML) models can analyse large datasets, uncover hidden patterns, and make accurate predictions, thereby providing valuable insights for various stakeholders in the housing market.

Housing has emerged as a crucial concern among young individuals residing in major cities, including Shanghai. Given the unprecedented surge in property prices in this metropolis, young people have increasingly resorted to the rental market to address their housing needs. This study utilizes five traditional machine learning methods: multiple linear regression (MLR), ridge regression (RR), lasso regression (LR), decision tree (DT), and random forest (RF), along with a Large Language Model (LLM) approach using ChatGPT, for predicting the rental prices of lane houses in Shanghai. It applies these methods to examine a public data sample of about 2,609 lane house rental transactions in 2021 in Shanghai, and then compares the results of these methods. In terms of predictive power, RF has achieved the best performance among the traditional methods. However, the LLM approach, particularly in the 10-shot scenario, shows promising results that surpass traditional methods in terms of R-Squared value. The three performance metrics: mean squared error (MSE), mean absolute error (MAE), and R-Squared, are used to evaluate the models. Our conclusion is that while traditional machine learning models offer robust techniques for rental price prediction, the integration of LLM such as ChatGPT holds significant potential for enhancing predictive accuracy.

Understanding how images influence the world, interpreting which effects their semantics have on various quantities and exploring the reasons behind changes in image-based predictions are highly difficult yet extremely interesting problems. By adopting a holistic modeling approach utilizing Neural Additive Models in combination with Diffusion Autoencoders, we can effectively identify the latent hidden semantics of image effects and achieve full intelligibility of additional tabular effects. Our approach offers a high degree of flexibility, empowering us to comprehensively explore the impact of various image characteristics. We demonstrate that the proposed method can precisely identify complex image effects in an ablation study. To further showcase the practical applicability of our proposed model, we conduct a case study in which we investigate how the distinctive features and attributes captured within host images exert influence on the pricing of Airbnb rentals.

Understanding whether a property is priced fairly hinders buyers and sellers since they usually do not have an objective viewpoint of the price distribution for the overall market of their interest. Drawing from data collected of all possible available properties for rent in Manhattan as of September 2023, this paper aims to strengthen our understanding of model residuals; specifically on machine learning models which generalize for a majority of the distribution of a well-proportioned dataset. Most models generally perceive deviations from predicted values as mere inaccuracies, however this paper proposes a different vantage point: when generalizing to at least 75\% of the data-set, the remaining deviations reveal significant insights. To harness these insights, we introduce the Price Anomaly Score (PAS), a metric capable of capturing boundaries between irregularly predicted prices. By combining relative pricing discrepancies with statistical significance, the Price Anomaly Score (PAS) offers a multifaceted view of rental valuations. This metric allows experts to identify overpriced or underpriced properties within a dataset by aggregating PAS values, then fine-tuning upper and lower boundaries to any threshold to set indicators of choice.

Originally published on Towards AI the World's Leading AI and Technology News and Media Company. If you are building an AI-related product or service, we invite you to consider becoming an AI sponsor. At Towards AI, we help scale AI and technology startups. Let us help you unleash your technology to the masses. Like most students, we faced the issue of finding the right apartment during our studies.

There are many online courses about data science and machine learning that will guide you through a theory and provide you with some code examples and an analysis of very clean data. However, in order to start practising data science, it is better if you challenge a real-life problem. Digging into the data in order to find deeper insights. This blogpost will guide you through the main steps of building a data science project from scratch. It is based on a real-life problem -- what are the main drivers of rental prices in Berlin?

This is part two of this series, find part one here - How to build a data science project from scratch. After scraping or getting the data, there are many steps to accomplish before applying a machine learning model. You need to visualize each of the variables to see distributions, find the outliers, and understand why there are such outliers. What can you do with missing values in certain features? What would be the best way to convert categorical features into numerical ones?

To kick off a series of Neo4j extensions for machine learning, I implemented a set of user-defined procedures that create a linear regression model in the graph database. In this post, I demonstrate use of linear regression from the Neo4j browser to suggest prices for short term rentals in Austin, Texas. Let's check out the use case: The most popular area in Austin, Texas is identified by the last two digits of its zip code: "04". With the trendiest clubs, restaurants, shops, and parks, "04" is a frequent destination for tourists. Suppose you're an Austin local who's going on vacation.