The problem associated with evaluating an econometric model using values outside those used
in the model estimation is illustrated in the evaluations of a residential load management
program during each of two successive years. The analysis reveals that unless attention is paid
to this problem, reduction estimates can be nearly twice those reasonably expected.
Get full access to this article
View all access options for this article.
References
1.
Johnson, Aaron C., Jr. , Marvin B. Johnson, and Rueben C. Buse.1987. Econometrics: Basic and applied. New York: Macmillan.
2.
Johnston, J.1984. Econometric methods. New York : McGraw-Hill.
3.
Stem, Gary, Pam Sorooshian, Richard Ridge, and Ronald K. Watts .1988. Reducing household electricity consumption peaks. Sociology and Social Research72:252-256.
