Residential Demand for Electrical Appliances and Electricity in the Federal Republic of Germany
The description and the forecast of residential electricity consumption is not only important for many areas of economic policy but also for the long-term investment plans of enterprises supplying electrical power. In the past most projections of future residential electricity demand have missed their target values. Besides erroneous assumptions concerning the development of exogeneous variables, there is strong evidence that misspecification of underlying relations and neglect of aggregation problems have contributed to this.
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Volume (Year): Volume 8 (1987)
Issue (Month): Number 1 ()
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