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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.
The output in Exhibit 11 below is a regression of household daily electricity demand on the variables defined above.
Exhibit 11 SUMMARY OUTPUT Regression Statistics Multiple R 0.37025 R Square 0.13708 Adjusted R Square 0.13503 Standard Error 12786.16 Observations 2106 ANOVA df SS MS F Significance F Regression 5 5.45E+10 1.09E+10 66.7214 7.68E-65 Residual 2100 3.43E+11 1.63E+08 Total 2105 3.98E+11 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 124886.8 1099.986 113.535 0 122729.7 127044 ave temp 132.2525 68.120 1.941 0.052336 -1.338 265.843 solar exposure -483.632 42.158 -11.472 1.36E-29 -566.309 -400.956 rainfall -309.149 65.310 -4.734 2.35E-06 -437.228 -181.071 home school_day 1803.618 614.677 2.934 0.00338 598.179 3009.057 holiday -16761.1 1507.948 -11.115 6.26E-28 -19718.3 -13803.89Step by Step Solution
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