Distillate Market Model documentation report
The purpose of this report is to define the objectives of the Distillate Market Model (DMM), describe its basic approach, and to provide details on model functions. This report is intended as a reference document for model analysts, users, and the general public. Documentation of the model is in accordance with EIA`s legal obligation to provide adequate documentation in support of its models. The DMM performs a short-term (6- to 9-month) forecast of demand and retail price for distillate fuel oil in the national US market; it also calculates the end-of-month stock level during the term of the forecast. The model is used to analyze certain market behavior assumptions or shocks and to determine the effect on retail market price, demand, and stock level.
|Year of publication:||
|Subject:||general and miscellaneous//mathematics, computing, and information science | energy planning, policy and economy | FUEL OILS | MARKET | MATHEMATICAL MODELS | FORECASTING | SUPPLY AND DEMAND | INVENTORIES|
|Type of publication:||Other|
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