Data Analysis, Specification, and Estimation of an Aggregate Relationship for Sales of Natural Gas per Customer

Article type: Research Article

Authors: Herbert, John H.^{a; *}

Affiliations: [a] Energy Information Administration

Correspondence: [*] Address correspondence to John H. Herbert, 2929 Rosemary Lane, Falls Church, VA 22042.

Abstract: It is shown in this paper that attention to data issues is able to shed additional light on a much studied market using data, which while not the best, is frequently the type of data available for study. The appropriate use of heating degree day data for such analysis is treated in detail. Regression diagnostics are used as tools for analysis. The examination of the interaction between data issues, the historical context of the data, and residual analysis can result in new and informative ways of specifying a relationship. Results in this study and in a similar study are also compared.

DOI: 10.3233/JEM-1986-14301

Journal: Journal of Economic and Social Measurement, vol. 14, no. 3, pp. 165-174, 1986