Analysis of the validity of the coefficient estimates and forecasting properties of the RDFOR (Regional Demand FORcasting) models: A summary report: Validation report
The Regional Demand FORcasting model (RDFOR) is a simple econometric model currently used by the DOE within the Midterm Energy Forecasting System. Econometric models are often used to provide baseline forecasts of near- to mid-term economic behavior. From the point of view of the policymaker, it is desirable to ascertain as objectively as possible the degree to which these econometric forecasts can be trusted. This paper illustrates, within the context of the industrial and residential sectors of RDFOR, a number of diagnostic tools of general interest which are useful in assessing model reliability.
- Research Organization:
- USDOE Energy Information Administration, Washington, DC (USA). Office of Statistical Standards; Massachusetts Inst. of Tech., Cambridge, MA (USA). Center for Computational Research in Economics and Management Science
- DOE Contract Number:
- AM01-76EI02295
- OSTI ID:
- 5959764
- Report Number(s):
- DOE/EIA-0374; ON: DE89014998
- Country of Publication:
- United States
- Language:
- English
Similar Records
Regional Demand Forecasting Model: 1977 and 1978 versions. Task 3, final documentation report
Regional demand forecasting and simulation model: user's manual. Task 4, final report
Bonneville Power Administration Forecasts of Electricity Consumption in the Pacific Northwest; Technical Documentation.
Technical Report
·
Mon Sep 25 00:00:00 EDT 1978
·
OSTI ID:5860518
Regional demand forecasting and simulation model: user's manual. Task 4, final report
Technical Report
·
Mon Sep 25 00:00:00 EDT 1978
·
OSTI ID:5943473
Bonneville Power Administration Forecasts of Electricity Consumption in the Pacific Northwest; Technical Documentation.
Technical Report
·
Sat Oct 01 00:00:00 EDT 1983
·
OSTI ID:5241887
Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
99 GENERAL AND MISCELLANEOUS
990230 -- Mathematics & Mathematical Models-- (1987-1989)
ECONOMICS
ENERGY CONSUMPTION
ENERGY MODELS
ERRORS
EVALUATION
FORECASTING
INDUSTRY
MATHEMATICAL MODELS
RESIDENTIAL SECTOR
STATISTICAL MODELS
290200* -- Energy Planning & Policy-- Economics & Sociology
99 GENERAL AND MISCELLANEOUS
990230 -- Mathematics & Mathematical Models-- (1987-1989)
ECONOMICS
ENERGY CONSUMPTION
ENERGY MODELS
ERRORS
EVALUATION
FORECASTING
INDUSTRY
MATHEMATICAL MODELS
RESIDENTIAL SECTOR
STATISTICAL MODELS