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Evaluation Review, Vol. 14, No. 3, 308-314 (1990)
DOI: 10.1177/0193841X9001400306

Econometric Model Evaluation

Implications for Program Evaluation

Richard S. Ridge

Engineering, Planning and Research Demand Planning Group Southern California Edison Company

Gary A. Stern

Engineering, Planning and Research Demand Planning Group Southern California Edison Company

Ronald K. Watts

Engineering, Planning and Research Demand Planning Group Southern California Edison Company

The problem associated with evaluating an econometric model using values outside those used in the model estimation is illustrated in the evaluations of a residential load management program during each of two successive years. The analysis reveals that unless attention is paid to this problem, reduction estimates can be nearly twice those reasonably expected.


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