Modelling the Aggregate Demand for Electricity Simplicity Vs Virtuosity
Modelling the Aggregate Demand for Electricity Simplicity Vs Virtuosity
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125) r2 . 934 . 998 . 839 . 840 . 812 . 812 . 889 Notes to Table 2: M is money income, P_2 is the marginal electricity price lagged two years, P_q is the current electricity marginal price, AP_q is the ex post average electrticity price in the current period, G_2 is the marginal natural gas price lagged two years. H is the average holdings (in kilowatts) of heavy electric equipment bought on hire purchase by domestic two-part customers in 1937-38, and F is average fixed charge for domestic two-...part customers in 1937-38.
Column 1 reproduces results as reported by Houthakker [1951b, p. 367], while Column 2 presents my attempt at replication based on Houthakker's published data [1951b, pp. 364-365]. Both columns represent estimates adjusted for heteroscedasticity (i. E. , both are "weighted" regressions). Columns 3-7 report various "unweighted" estimates (not adjusted for heteroscedasticity).
na = not available from Houthakker's reported results.
12 In column 2 of Table 2 I present results of my attempt to replicate Houthakker 's empirical findings.
What to read after Modelling the Aggregate Demand for Electricity Simplicity Vs Virtuosity?
You can find similar books in the "Read Also" column, or choose other free books by Ernst R Berndt to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
125) r2 . 934 . 998 . 839 . 840 . 812 . 812 . 889 Notes to Table 2: M is money income, P_2 is the marginal electricity price lagged two years, P_q is the current electricity marginal price, AP_q is the ex post average electrticity price in the current period, G_2 is the marginal natural gas price lagged two years. H is the average holdings (in kilowatts) of heavy electric equipment bought on hire purchase by domestic two-part customers in 1937-38, and F is average fixed charge for domestic two-...part customers in 1937-38.
Column 1 reproduces results as reported by Houthakker [1951b, p. 367], while Column 2 presents my attempt at replication based on Houthakker's published data [1951b, pp. 364-365]. Both columns represent estimates adjusted for heteroscedasticity (i. E. , both are "weighted" regressions). Columns 3-7 report various "unweighted" estimates (not adjusted for heteroscedasticity).
na = not available from Houthakker's reported results.
12 In column 2 of Table 2 I present results of my attempt to replicate Houthakker 's empirical findings.
What to read after Modelling the Aggregate Demand for Electricity Simplicity Vs Virtuosity?
You can find similar books in the "Read Also" column, or choose other free books by Ernst R Berndt to read onlineMoreLess
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