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Econometric Model Evaluation

Author

Listed:
  • Richard S. Ridge

    (Engineering, Planning and Research Demand Planning Group Southern California Edison Company)

  • Gary A. Stern

    (Engineering, Planning and Research Demand Planning Group Southern California Edison Company)

  • Ronald K. Watts

    (Engineering, Planning and Research Demand Planning Group Southern California Edison Company)

Abstract

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.

Suggested Citation

  • Richard S. Ridge & Gary A. Stern & Ronald K. Watts, 1990. "Econometric Model Evaluation," Evaluation Review, , vol. 14(3), pages 308-314, June.
    • Handle: RePEc:sae:evarev:v:14:y:1990:i:3:p:308-314
    DOI: 10.1177/0193841X9001400306
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