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Has the accuracy of energy demand projections in the OECD countries improved since the 1970s?

Jan Bentzen and H. Linderoth

Working Papers from Aarhus School of Business - Department of Economics

Abstract: Since the 1970s almost all OECD countries have published projections or forecasts of future energy consumption. By now, three decades later, the actual values of energy consumption are available for the same number of countries and thus a considerable amount of empirical data is available concerning formal hypothesis testing, e.g. whether there have been improvements in the forecasting accuracy during this period.

Keywords: ENERGY; FORECASTS; CONSUMPTION (search for similar items in EconPapers)
JEL-codes: Q48 C53 (search for similar items in EconPapers)
Date: 2001

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