An Evaluation of the REMI Model for the South Coast Air Quality Management District
1992 ◽
Vol 24
(11)
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pp. 1549-1564
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Keyword(s):
This paper reports an evaluation of the econometric model developed by Regional Econometric Models Inc. for the South Coast Air Quality Management District. The analysis is focused on the in-sample performance, forecasting ability, and characteristics in impact analysis of the model. The trade-offs implicit in the performance of this model relate directly to questions of explanatory power. In particular, the model is characterized by well-specified structural equations that enhance its ability to formulate policy-relevant simulations. This may come at the cost of predictive ability in a statistical sense. Choices related to this trade-off are at the heart of applied regional analysis.
Keyword(s):
1999 ◽
Vol 33
(24)
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pp. 4401-4406
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Keyword(s):
1981 ◽
Vol 15
(1)
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pp. 79-83
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Keyword(s):
2004 ◽
Vol 18
(3)
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pp. 220-235
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Keyword(s):
Keyword(s):
1999 ◽
Vol 49
(1)
◽
pp. 28-38
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Keyword(s):
2004 ◽
Vol 38
(14)
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pp. 2197-2207
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