Modeling the Formation of Expectations

Bücher

Angebote / Angebote:

Excerpt from Modeling the Formation of Expectations: The History of Energy Demand Forecasts The model described here tests the ability of adaptive expectations and trend extrapolation to explain the history of energy demand forecasts. Energy demand is forecast by an exponential extrapolation of the expected growth rate of energy consumption. The expected rate of consumption growth is determined by the past rate of growth of actual energy consumption. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.