Propane Market Model documentation report
The purpose of this report is to define the objectives of the Propane Market Model (PMM), 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 PMM performs a short-term (6- to 9-months) forecast of demand and price for consumer-grad propane in the national US market; it also calculates the end-of-month stock level during the term of the forecast. Another part of the model allows for short-term demand forecasts for certain individual Petroleum Administration for Defense (PAD) districts. The model is used to analyze market behavior assumptions or shocks and to determine the effect on market price, demand, and stock level.
|Year of publication:||
|Subject:||general and miscellaneous//mathematics, computing, and information science | energy planning, policy and economy | PROPANE | MARKET | MATHEMATICAL MODELS | FORECASTING | SUPPLY AND DEMAND | INVENTORIES | REGIONAL ANALYSIS|
|Type of publication:||Other|
Saved in favorites
Similar items by subject