Open Access
Table 2
OLS estimates for demand and residual demand for hours 8 am, 12 pm, and 24 pm. ⁎⁎⁎, ⁎⁎ and ⁎ indicates that the coefficient is significant at 10%, 5% and 1% level, respectively.
| Demand | Residual demand | |||||
|---|---|---|---|---|---|---|
| 8 am | 12 pm | 24 pm | 8 am | 12 pm | 24 pm | |
| Demand lag | 0.6⁎ | 0.6⁎ | 0.8⁎ | |||
| Resid. demand lag | 0.5⁎ | 0.5⁎ | 0.5⁎ | |||
| Avg. resid. demand | 0.1⁎⁎ | 0.1⁎ | 0.0 | |||
| HDD | 58.9⁎ | 46.7⁎ | 87.5⁎ | 133.0⁎ | 107.0⁎ | 234.4⁎ |
| IP lag | −52.4⁎⁎⁎ | 37.6 | −58.3⁎ | −194.2⁎ | −317.8⁎ | −219.7⁎ |
| Sunday | −14,566.8⁎ | −10,916.3⁎ | −1230.7⁎ | −16,538.0⁎ | −12,322.6⁎ | −2927.6⁎ |
| Monday | 11,067.5⁎ | 9186.1⁎ | 4018.8⁎ | 8789.1⁎ | 7449.1⁎ | 1971.2⁎ |
| Tuesday | 229.7 | 141.4 | 304.6⁎⁎⁎ | -513.3 | −797.7 | 304.2 |
| Thursday | −997.5⁎ | −790.8⁎ | −359.6⁎⁎ | −1165.9⁎⁎ | −1123.1⁎⁎⁎ | −593.2 |
| Friday | −839.0⁎ | −749.2⁎ | −1193.5⁎ | −1195.3⁎⁎ | −1066.3⁎⁎⁎ | −921.5⁎⁎ |
| Saturday | −15,432.1⁎ | −11,400.6⁎ | −5617.0⁎ | −15,741.8⁎ | −12,266.7⁎ | −6191.6⁎ |
| Holiday | −16,585.5⁎ | −13,145.6⁎ | −3701.4⁎ | −17,641.8⁎ | −13,696.3⁎ | −5468.8⁎ |
| Holiday lag | 6319.4⁎ | 5719.4⁎ | 2832.2⁎ | 3499.6⁎ | 3465.5⁎ | 1325.2⁎⁎⁎ |
| Minor holiday | −3333.5⁎ | −2345.2⁎ | −1114.2⁎ | −3637.3⁎ | −2336.4⁎ | −2075.6⁎ |
| DL | −249.2⁎ | −122.9⁎ | −44.1⁎⁎⁎ | −55.8 | −257.4⁎ | 201.7⁎ |
| Constant | 34,696.2⁎ | 25,329.0⁎ | 16,949.6⁎ | 46,987.8⁎ | 58,344.4⁎ | 39,755.5⁎ |
| R2 | 0.94 | 0.92 | 0.92 | 0.84 | 0.75 | 0.60 |
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