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Simple time trend variables in factor demand models can be statistically powerful variables, but may tell the … technology change the parameters based on time trends may be too large for long run forecasting. When there is clearly … adoption may be included in the traditional factor demand model to economically model specific factor biased technical change …
Persistent link: https://www.econbiz.de/10009435383
The Hudson-Jorgenson Energy/Economic Model - formally known as the Long Term Interindustry Transactions Model (LITM) - is an econometric model of the structure of the US economy. LITM integrates two separate models into one integrated system. These models are the Macroeconomic Model, a growth...
Persistent link: https://www.econbiz.de/10009435835
forecasted demand, has not been good. There are numerous examples of utilities incorrectly forecasting demand and over …-building generating capacity while others underestimated growth and have had to cut demand and find alternate power sources to avoid …
Persistent link: https://www.econbiz.de/10009435972
Forecasting (LIEF) model, and to provide estimates for the model's parameters. The model is intended to provide decision makers … with a relatively simple, yet credible tool to forecast the impacts of policies which affect long-term energy demand in the … following simple concept, that trends in aggregate energy demand are dependent upon the factors: (1) trends in total production …
Persistent link: https://www.econbiz.de/10009436210
peak demand electricity forecasting models used by the Pacific Gas and Electric Company and the California Energy …It is generally acknowledged that improvements to end-use load shape and peak demand forecasts for electricity are …
Persistent link: https://www.econbiz.de/10009436465
The Fossil2 energy-economic model is used by the US Department of Energy (DOE) for a variety of energy and environmental policy analyses. A number of improvements to the model are under way or are being considered. This report was prepared by the Pacific Northwest Laboratory (PNL) to provide a...
Persistent link: https://www.econbiz.de/10009436934
demand and supply resources to meet customer energy-service needs cost-effectively. Key characteristics of this planning … approach include: explicit consideration and fair treatment of a wide variety of demand and supply options, consideration of … demand forecasts, assessment of supply and demand resources, resource integration, and treatment of uncertainty. Issues …
Persistent link: https://www.econbiz.de/10009437177
-01-01 (effective February 3, 1991), the Office of Integrated Analysis and Forecasting has conducted tests of the Natural Gas … Transmission and Distribution Model (NGTDM) for the specific purpose of validating the forecasting model. This volume of the model …
Persistent link: https://www.econbiz.de/10009437203
line, 2 - voltage support, 3 - demand reduction, 4 - combustion turbines. The evaluation factors include measures of …
Persistent link: https://www.econbiz.de/10009437383
The Energy Information Administration (EIA) presents future scenarios of quarterly short-term energy supply, demand … supplement analyzes previous estimate errors, compares recent scenarios with those of other forecasting services, and discusses … information available (for example, some electricity demand estimates are based on recent weather data). 11 figs., 13 tabs. …
Persistent link: https://www.econbiz.de/10009437393