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Energy, Electricity, and the U.S. Economy: Emerging Trends

Fereidoon P. Sioshansi

Year: 1986
Volume: Volume 7
Number: Number 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol7-No2-6
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Abstract:
With memories of the energy crisis fading in the midst of an oil glut, one can reflect with objectivity on events of the past two decades. Many papers published in the past several years have attempted to analyze post-embargo energy trends and made observations on whether these new trends represent abberations in long-term relationships or represent fundamental changes in energy-economic interactions.



Energy Demand Modeling with Noisy Input-Output Variables

Lov Kumar Kher, Fereidoon P. Sioshansi, and Soroosh Sorooshian

Year: 1987
Volume: Volume 8
Number: Number 4
DOI: 10.5547/ISSN0195-6574-EJ-Vol8-No4-4
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Abstract:
One of the most important challenges facing energy analysts is to predict future energy consumption levels. The volatility of energy prices following the 1973 oil embargo and the unexpected elasticity of demand to higher prices caught most energy forecasters off the mark (see Energy Daily, "How It Didn't Turn Out: The Forecasters Who Failed," 1986). The same can be said of electricity forecasters who consistently overshot growth rates for over a decade despite compelling signs to lower their projections (Uhler and Nelson, 1985), (see Figure 1).





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