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Business, 06.11.2019 19:31 charitysamuels

Pnm, a leading utility provider in new mexico conducted an economic forecasting study to estimate the demand for electric power, which it sells. the economists, which undertook the study, developed the following model with the respective coefficients in their demand equation: growth rate .015 intercept 1376.0 forecasted temperature -17.1 prior day temperature -3.7 forecasted wind speed 4.2 forecast the demand for electric power for september 1, 2019. the average or mean temperature was forecasted at 40 degrees (celsius), the temperature on august 31 was 37 celsius, and the average wind speed for september 1 was projected to be a calm 8 miles per hour. if the growth rate for october dips down to 0.005 (due to decreased demand), using the same values that you have used, what will be the forecast?

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