Titlebook: Estimation of Simultaneous Equation Models with Error Components Structure; Jayalakshmi Krishnakumar Book 1988 Springer-Verlag Berlin Heid

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Application to a Model of Residential Electricity Demand,An empirical work involving the estimation of a simultaneous equation model with error components is presented in this chapter, This application concerns the behaviour of households regarding electricity consumption and uses data collected from a national household survey conducted in the U.S.A.

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Estimation of Simultaneous Equation Models with Error Components Structure

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Book 1988 normal distribution errors. These estimation methods are then applied using a computer to estimate a model of residential electricity demand using data on American households. The results are analysed both from an economic and from a statistical point of view.

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0075-8442 d using data on American households. The results are analysed both from an economic and from a statistical point of view.978-3-540-50031-5978-3-642-45647-3Series ISSN 0075-8442 Series E-ISSN 2196-9957

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A Survey of Panel Data Models, groups and within each group different variations are presented bringing out their important characteristics. The estimation of parameters involved is briefly discussed. The reader is invited to consult the articles referred to in each case for detailed treatment of the models concerned.

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0075-8442 to be utilized in the best possible way. Given this, it is advantageous to make use of the increasing availability and accessibility of combinations of time-series and cross-sectional data in the estimation of economic models. But such data call for a new methodology of estimation and hence for the

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