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-of-sample performance of univariate and multivariate forecasting models by aggregating state level forecasts versus forecasting the … aggregate directly. We find evidence that forecasting the disaggregate series and accounting for spatial effects drastically … improves forecasting performance under Root Mean Squared Forecast Error Loss. Based on the in-sample observations we attempt to …
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This paper develops a model of residential water demand under a nonlinear budget constraint. The theoretical model for an individual consumer is adapted to yield an aggregate model that preserves the structure of the individual demand function, and that can be used with aggregate (water district...
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Engineering models generally find that most consumers are unwilling to adopt energy efficient appliances, even though the financial returns are positive. It is commonly thought that this is either due to market imperfections such as an incomplete credit market, very high intertemporal consumer...
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