Does energy consumption by the US electric power sector exhibit long memory behavior?
AbstractThis study analyzes energy consumption by the US electric power by various energy sources through fractional integration. In doing so, we are able to determine the level of persistence of the shocks affecting each energy source. The results indicate long memory behavior as each energy source is highly persistent, displaying long memory along with autoregressive behavior and strong seasonal patterns.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 38 (2010)
Issue (Month): 11 (November)
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Web page: http://www.elsevier.com/locate/enpol
Electric power Long memory Persistence;
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