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Electricity industry is one of the main foundations of each country. Electricity demand growth in developing countries is at its peak so that these countries play an important role in electricity consumption. Since this energy can't be stored in large quantity, forecasting consuming load is a major concern in using electricity energy. This paper has formulated electrify consumption for residential...
In the paper, we investigate the vector error correction model considering co-feature. The identification procedure and algorithms are overviewed briefly in line with (Hecq. A., 2004). Then a simple case study for electricity consumption and economic growth in China is given for model comparison. It is found that model considering co-feature can potentially improve the model estimation efficiency.
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