Price Elasticity of Electricity Demand - Department for Energy ...

Industrial
Kentucky
Energy and
Environment
Cabinet
Residuals vs Fitted
Normal Q−Q
Executive
Summary
Variables
Assumptions
Conclusion
Appendix
Diagnostic Plots
Models
Residuals
−1.0 0.0 0.5 1.0
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160 161 671●
Standardized residuals
−3 −2 −1 0 1 2 3
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161 671 160
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References
8 9 10 11
−3 −2 −1 0 1 2 3
Fitted values
Theoretical Quantiles
Estimate goes to −0.7 with outliers removed.
Kentucky Energy and Environment Cabinet