Write report on determinants of electricity consumption

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Reference no: EM131887853 , Length: 4

Econometrics Assignment

Group Project Instructions -

Students will form groups of two/three people who will cooperate towards analysing a dataset. In your groups, you will write a small report on the determinants of electricity consumption. Data will be provided on electricity consumption and some potentially relevant predictors. You will investigate which of these predictors are relevant determinants of electricity consumption. You will have to apply your knowledge to find the best regression model and explain all the steps taken to end up with this model including what checks were made to ensure that the model is not misspecified. Explain how you ensured that the econometric estimates are reliable (and not biased), and clearly state the implications of the specific model for policy implications (i.e. what explains electricity consumption, and how we can influence it)."

References -

1. Residential Energy Consumption Survey - 2005

2. Residential consumption of gas and electricity in the U.S.: The role of prices and income by Anna Alberini, Will Gans, Daniel Velez-Lopez

3. THE SHORT-RUN RESIDENTIAL DEMAND FOR ELECTRICITY by Roberta Barnes, Robert Gillingham and Robert Hagemann

4. A new look at residential electricity demand using household expenditure data by Harrison Fell, ShanjunLi, Anthony Paul

Attachment:- Assignment Files.rar

Reference no: EM131887853

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Instructions to Students: Refer to the rules for submission in the Honours Handbook. Submit your assignment according to the submission instructions in the assessment section on Moodle. Pay attention to the proper format of citations and references. Page Count: 4 pages. Font: Size 11, Arial/Calibri/Times New Roman, Spacing: 1.5 and Margins: Normal (2.54cm). Once your group has been chosen, please confirm this on the link in the Assessment section of Moodle. Students who have not joined a group by Friday, 7 February will be randomly allocated.

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