In order to plan electric power generation, it is important to identify trends in generation from different
Question:
In order to plan electric power generation, it is important to identify trends in generation from different sources, including wind. Statistics Canada reports the amount of renewable energy generated (in megawatt-hours) in each province and territory for several renewable sources, including wind power. Monthly data from December 2010 to July 2015 are in the file ch19_MCSP_Wind_Power for Ontario, Manitoba, and Alberta. If possible, find models for the relationships between wind power and month for each of these three provinces individually. Discuss your residual analysis including outliers, influential points, and auto-correlation. You do not need to try to remove any significant auto-correlation present. During this period, Ontario was the only Canadian province to have a “feed-in” tariff—that is, a price that the Ontario Power Authority guaranteed for wind power from organizations that generated it. The price was higher than what most residential consumers paid for electric power, and it was guaranteed for 20 years in order to stimulate investment in wind turbines. From your analysis of the data, discuss whether Ontario’s feed-in tariff resulted in a different pattern of generation of wind power in Ontario compared to Manitoba and Alberta.
Step by Step Answer:
Business Statistics
ISBN: 9780133899122
3rd Canadian Edition
Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright