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A National Energy Demand Simulation Model
The Capital Stock Adjustment Process
narios b Projected Gasoline DemandSelected
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$7 scenario accelerated development adjustment factors adjustment pricing methodology alternative analysis average coal coefficient of determination coefficients commodity hierarchy constraints consuming sector consumption expenditures cross elasticities crude oil deflated demand equations direct adjustment pricing distillate fuel DRI macroeconometric model East South Central econometric economic electric utilities electrical energy energy demand energy price index estimated exogenous Federal Energy Administration forecasts fossil fuels fuel and related gasoline demand HHC sector impacts increase industrial sector input input-output pricing methodology interfuel substitution jet fuel lagged large cars liquefied Liquefied petroleum gas long run macroeconomic marginal cost Middle Atlantic miles per gallon natural gas OPEC percent petroleum products PIES plant type predicted price changes price elasticities price of electrical process price model real GNP region regressed residual fuel restricted profit function short run simulations stage of process Statistics supply Table total demand variables wholesale price index Wricing