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Seasonality is partly captured by the price variables.
As expected, all price variables have positive signs.
After the approximation, price variables and power variables are decoupled and the index is linearized.
Thus, this study includes instrumental variables for lagged electricity price variables to avoid omitted variable bias.
We also plot the convergence of price variables in response to the PN channel usage change in Figure 6.
All of these contribute to our paper as a fundamental step in the research of service and price variables.
Similar(37)
The price variable was constructed from retail prices reported by individual wineries.
As a result, the price variable is likely to correlate with the error term.
The results support the notion that comparison between recently encountered prices is necessary to render the price variable highly evaluable.
Figure 2b displays the impulse response of the international crude oil price variable to China's refined oil price shock.
where λ is the marginal utility of income, i.e. the estimated parameter of cost or price variable.
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