From: An analysis of the correlation between income and the consumption of energy in Bangladesh
Parameters | PCEC Coefficient of First Model | IS Coefficient of Second Model | PCEC Coefficient of Third Model |
---|---|---|---|
IS | − 1.1593 | ||
(0.5205) | |||
INCP | − 0.7663*** | 0.2964*** | − 0.4534** |
(0.1564) | (0.0343) | (0.1921) | |
TEMP | − 0.2268** | − 0.0204 | − 0.2504** |
(0.0970) | (0.0161) | (0.0969) | |
RH | − 0.0530** | − 0.0067* | − 0.0611** |
(0.0262) | (0.0029) | (0.0271) | |
RE | − 3.3801*** | 0.1393* | − 3.2235*** |
(1.172) | (0.0831) | (1.1203) | |
TA | − 0.0029*** | − 0.0006*** | − 0.0039*** |
(0.0011) | (0.0003) | (0.0014) | |
DP | 0.1378*** | − 0.0026 | 0.1348*** |
(0.0526) | (0.0042) | (0.0498) | |
_cons | 9.9606*** | 3.6698*** | 14.2201*** |
(2.4467) | (0.3623) | (3.5643) | |
Year impact | True | True | True |
ID impact | True | True | True |
N | 450 | 450 | 450 |
Adjusted R2 | 0.9623 | 0.9703 | 0.9619 |
Akaike’s Information Criteria (AIC) | 798.0983 | − 404.5937 | 796.6338 |
Bayesian Information Criteria (BIC) | 968.6362 | − 230.8744 | 965.8827 |