The recent deregulation of the electricity industry and reliance on competitive wholesale markets has generated significant volatility in wholesale electricity prices. Given the importance of short-term price forecasts in this new environment, this paper estimates and evaluates the forecasting...

This study estimates the demand for residential natural gas in the state of Illinois using an autoregressive distributed lag (ARDL) bounds testing approach based on annual data from 1970 to 2007. The ARDL bounds testing approach reveals a long-run equilibrium relationship between natural gas...

A forecasting class can be a vital addition to the economics curriculum so that economics graduates will be prepared to meet the demand for forecasting skills required by employers. A previous article (Loomis and Cox, 2000) provides an outline of how forecasting fits into the economics...