-
Anglický jazyk
Econometrics of Electricity Demand
Autor: Vijayamohanan Pillai N.
There has been an unfortunate tendency among most of the empirical econometricians to ignore model adequacy diagnostic checking, indispensably required to verify the empirical validity of the residual whiteness assumptions underlying the model. Most of these... Viac o knihe
Na objednávku
45.36 €
bežná cena: 50.40 €
O knihe
There has been an unfortunate tendency among most of the empirical econometricians to ignore model adequacy diagnostic checking, indispensably required to verify the empirical validity of the residual whiteness assumptions underlying the model. Most of these studies have also failed to account for possible non-stationarity in the data series and to benefit from an analytical framework for a meaningful long-run equilibrium and short-run 'causality' in a cointegrating space of error correction. Again, these studies, by adopting a methodology suitable to a developed power system in advanced economies, have sought to correlate the less correlatables in the context of an underdeveloped power system in a less developed economy. The present study, while casting scepticism on the validity and value of the results of these studies, also finds that cointegration approach is superfluous given the model adequacy criteria; if the regression model is adequate, then it is as valid as supported by a residual-based cointegration!
- Vydavateľstvo: LAP LAMBERT Academic Publishing
- Rok vydania: 2011
- Formát: Paperback
- Rozmer: 220 x 150 mm
- Jazyk: Anglický jazyk
- ISBN: 9783843376396
Nemecký jazyk 
