Forecast the retail price of industrial electricity, Electrical Engineering

Your assignment is to write a one page paper answering the question posed below. One page is the absolute limit. (You must attach a technical appendix showing computer output for your estimation results, but you must assume that the reader will rely only on the one page summary and not read the appendix.)

Question: Based on data available through the end of 2010, forecast the retail price of industrial electricity for January through May 2011. Comment on how close your forecasts were compared to what actually happened to electricity prices. Be sure to explain "how close" in a way a non-statistician can understand.

The file Electricity Prices.wf1 has monthly data on industrial electricity prices, as well as the index of industrial production. You may use all or part of this data and/or add other data (or not) as you wish. (Although forecast targets are the January through May 2011 prices given in this file.)

EViews warnings: Be sure to adjust samples so that no data after 2010 is included. If you use the EViews Forecast tab be even more careful that the "Insert actuals for out-of-sample observations" box is unchecked.

 

Posted Date: 3/14/2013 6:45:01 AM | Location : United States







Related Discussions:- Forecast the retail price of industrial electricity, Assignment Help, Ask Question on Forecast the retail price of industrial electricity, Get Answer, Expert's Help, Forecast the retail price of industrial electricity Discussions

Write discussion on Forecast the retail price of industrial electricity
Your posts are moderated
Related Questions
a digital computer controlled rolling mill regulator system..

1- Φ Half Bridge Inverters 1-Φ bridge  inverter may be  of two  type 1-? half  bridge  and 1-? full  bridge  inverter. 1-? half bridge  inverter with resistive load to explain

Q. What do you mean by Negative Impedance Converter? The op-amp circuit of Figure causes a negative resistance R in between the input terminal and ground. In the more general

Electrical energy If the power is measured in watts and the time in seconds then the unit of energy is watt- seconds or Joules.

Q. To answer the following question, please refer to the figure below. Concentrating only at the upper right quadrant, discuss the foreign exchange market equilibrium. Answer:

Why are waveguides not used at low frequencies?

What are operations performed on data in 8085 The various operations performed are Store 8-bit data Perform arithmetic and logical operations Test for conditio

Q. A particular BJT has a nominal value of α 0.99. Calculate the nominal β.If α can easily change ±1%, compute the percentage changes that can occur in β.

DESIGN SR LATCH WITH UNIVARSAL LOGIC GATES.DRAW AND EXPLAIN THE LOGIC DIAGRAMS