Question
As of 2020, 6.7 million people reside in Victoria, Australia's second most populated state. During 2020 Australia was among the first to close international borders,
As of 2020, 6.7 million people reside in Victoria, Australia's second most populated state. During 2020 Australia was among the first to close international borders, followed by a closure of interstate borders. Victoria introduced some of the strictest pandemic-related restrictions on business activity that resulted in a significant portion of its population working from home.
You want to investigate whether the household daily electricity demand is dependent on weather (daily temperature, 0C). To examine that we carry out a regression model and the results are given in the Exhibit 9.
To do that, we define the variables as follows:
Dependent variable: Demand = household daily electricity demand
Independent variable: Average Temperature = temperature during the day, 0C
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