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4 years ago

Revolutionizing energy demand estimation with ARDL model for accurate results.

Fuel and Energy Abstracts
A revival of the autoregressive distributed lag model in estimating energy demand relationships

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The study used a method called the autoregressive distributed lag (ARDL) model to analyze energy demand in Danish homes. Despite previous beliefs, the ARDL model is still valid for non-stationary energy economic variables if they are cointegrated. The results showed that the ARDL approach and cointegration techniques gave very similar estimates for residential energy consumption in Denmark.