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Short-Term Energy Outlook

Natural Gas Model Regression Results


Table

  1. NGRCPUSX - Residential natural gas demand
  2. NGCCPUSX - Commercial natural gas demand
  3. NGINPUSX - Industrial natural gas demand
  4. NGLPPUSX - Natural gas lease and plant fuel demand
  5. NGACPUSX - Natural gas pipeline fuel demand
  6. NGEXPUS - Exports of natural gas
  7. NGUSPUSX - Natural gas in underground storage
  8. BALITX - Natural gas demand/supply balancing item
  9. NGSFPUS - Natural gas supplemental fuel supply>
  10. NGIMPUSX - Imports of natural gas

Related Natural Gas Model Documentation



Table 1. Residential Natural Gas Demand, NGRCPUSX (bcf per household per day)
EquationDF ModelDF ErrorSSEMSE Root MSER-SquareAdj R-SqDurbin-Watson
NGRCPUSX 14 91 0.00188 0.00002067 0.0045466 0.9972 0.9968 1.124
ParameterEstimateApprox. Std. Err.'T' RatioLabel
NGRC_01 0.268104 0.001678 159.74 CONSTANT
NGRC_HD 0.005038 0.000286 17.61 ((ZGHDPUS-ZGHNPUS)/ZSAJQUS)
NGRC_HD1 0.002445 0.000256 9.53 LAG((ZGHDPUS-ZGHNPUS)/ZSAJQUS)
NGRC_06 -0.00671 0.002219 -3.02 FEB = 1 if February, 0 otherwise
NGRC_07 -0.06828 0.002244 -30.43 MAR = 1 if March, 0 otherwise
NGRC_08 -0.13608 0.002329 -58.43 APR = 1 if April, 0 otherwise
NGRC_09 -0.19449 0.002263 -85.96 MAY = 1 if May, 0 otherwise
NGRC_10 -0.21929 0.002261 -96.97 JUN = 1 if June, 0 otherwise
NGRC_11 -0.22991 0.002261 -101.67 JUL = 1 if July, 0 otherwise
NGRC_12 -0.23262 0.002261 -102.87 AUG = 1 if August, 0 otherwise
NGRC_13 -0.22714 0.002261 -100.44 SEP = 1 if September, 0 otherwise
NGRC_14 -0.20162 0.002372 -85.02 OCT = 1 if October, 0 otherwise
NGRC_15 -0.13353 0.002386 -55.97 NOV = 1 if November, 0 otherwise
NGRC_16 -0.05599 0.002249 -24.9 DEC = 1 if December, 0 otherwise
Method of estimation: OLS
Period of estimation: January 1987 to January 1999


Table 2. Commercial Natural Gas Demand, NGCCPUSX (bcf per commercial employee per day)
EquationDF ModelDF ErrorSSEMSE Root MSER-SquareAdj R-SqDurbin-Watson
NGCCPUSX 16 89 0.0009187 0.00001032 0.0032128 0.9966 0.996 2.114
ParameterEstimateApprox. Std. Err.'T' RatioLabel
NGCC_01 0.196193 0.001388 141.37 CONSTANT
NGCC_HD 0.003293 0.000239 13.76 ((ZWHDPUS-ZWHNPUS)/ZSAJQUS)
NGCC_HD1 0.00191 0.000201 9.52 LAG((ZWHDPUS-ZWHNPUS)/ZSAJQUS)
NGCC_D2 0.0039 0.009792 0.4 D8912
NGCC_06 0.000448 0.001308 0.34 FEB = 1 if February, 0 otherwise
NGCC_07 -0.04431 0.001597 -27.75 MAR = 1 if March, 0 otherwise
NGCC_08 -0.08591 0.001745 -49.24 APR = 1 if April, 0 otherwise
NGCC_09 -0.12433 0.001803 -68.96 MAY = 1 if May, 0 otherwise
NGCC_10 -0.13902 0.001817 -76.49 JUN = 1 if June, 0 otherwise
NGCC_11 -0.14152 0.001823 -77.62 JUL = 1 if July, 0 otherwise
NGCC_12 -0.14397 0.001819 -79.16 AUG = 1 if August, 0 otherwise
NGCC_13 -0.1414 0.001801 -78.5 SEP = 1 if September, 0 otherwise
NGCC_14 -0.12481 0.001786 -69.89 OCT = 1 if October, 0 otherwise
NGCC_15 -0.08379 0.001778 -47.12 NOV = 1 if November, 0 otherwise
NGCC_16 -0.0354 0.001428 -24.78 DEC = 1 if December, 0 otherwise
NGCCPUSX_L1 0.460948 0.09311 4.95 AR(1) Param. for NGCCPUSX
Method of estimation: OLS with AR(1) autocorrelation correction.
Period of estimation: January 1987 to January 1999.


Table 3. Industrial Natural Gas Demand (Including Nonutility Generators), NGINPUSX (bcf per day)
EquationDF ModelDF ErrorSSEMSE Root MSER-SquareAdj R-SqDurbin-Watson
NGINPUSX 18 87 22.69943 0.26091 0.5108 0.9573 0.949 2.00
ParameterEstimateApprox. Std. Err.'T' RatioLabel
NGIN_01 2.037639 0.74991 2.72 CONSTANT
NGIN_HDD 0.180337 0.03387 5.32 (ZWHDPUS-ZWHNPUS)/ZSAJQUS
NGIN_NU 0.140547 0.06547 2.15 NGNUPUS
NGIN_Q 4.992212 1.50457 3.32 QSIC
NGIN_P -0.47235 0.28184 -1.68 (NGEUDUS/RFEUDUS)
NGIN_R1 0.718337 0.06352 11.31 LAG(NGINPUSX)
NGIN_06 -0.06926 0.28314 -0.24 FEB = 1 if February, 0 otherwise
NGIN_07 -2.18429 0.25212 -8.66 MAR = 1 if March, 0 otherwise
NGIN_08 -1.64592 0.27252 -6.04 APR = 1 if April, 0 otherwise
NGIN_09 -2.86541 0.27546 -10.4 MAY = 1 if May, 0 otherwise
NGIN_10 -1.7256 0.32084 -5.38 JUN = 1 if June, 0 otherwise
NGIN_11 -2.37193 0.32408 -7.32 JUL = 1 if July, 0 otherwise
NGIN_12 -1.52966 0.34733 -4.4 AUG = 1 if August, 0 otherwise
NGIN_13 -1.36463 0.32975 -4.14 SEP = 1 if September, 0 otherwise
NGIN_14 -1.2949 0.32466 -3.99 OCT = 1 if October, 0 otherwise
NGIN_15 -0.56574 0.31514 -1.8 NOV = 1 if November, 0 otherwise
NGIN_16 -0.4298 0.29497 -1.46 DEC = 1 if December, 0 otherwise
NGINPUSX_L1 -0.26741 0.11411 -2.34 AR(1) Param. for NGINPUSX
Method of estimation: OLS with AR(1) autocorrelation correction.
Period of estimation: January 1987 to January 1999.


Table 4. Natural Gas Lease and Plant Fuel Demand, NGLPPUSX (bcf per day)
EquationDF ModelDF ErrorSSEMSE Root MSER-SquareAdj R-SqDurbin-Watson
NGLPPUSX 15 90 0.25581 0.0028423 0.05331 0.8932 0.8766 1.989
ParameterEstimateApprox. Std. Err.'T' RatioLabel
NGLP_01 0.712882 0.33457 2.13 CONSTANT
NGLP_D2 0.410954 0.06875 5.98 D90ON
NGLP_LE 0.042675 0.006619 6.45 NGPRPUSX
NGLP_06 -0.00471 0.01853 -0.25 FEB = 1 if February, 0 otherwise
NGLP_07 -0.01322 0.02547 -0.52 MAR = 1 if March, 0 otherwise
NGLP_08 -0.02354 0.02998 -0.79 APR = 1 if April, 0 otherwise
NGLP_09 -0.03902 0.03369 -1.16 MAY = 1 if May, 0 otherwise
NGLP_10 -0.04569 0.03566 -1.28 JUN = 1 if June, 0 otherwise
NGLP_11 -0.05236 0.03737 -1.4 JUL = 1 if July, 0 otherwise
NGLP_12 -0.0447 0.03721 -1.2 AUG = 1 if August, 0 otherwise
NGLP_13 -0.03495 0.03551 -0.98 SEP = 1 if September, 0 otherwise
NGLP_14 -0.00237 0.03162 -0.07 OCT = 1 if October, 0 otherwise
NGLP_15 0.032268 0.0254 1.27 NOV = 1 if November, 0 otherwise
NGLP_16 0.038203 0.01899 2.01 DEC = 1 if December, 0 otherwise
NGLPPUSX_L1 0.886136 0.04369 20.28 AR(1) Param. for NGLPPUSX
Method of estimation: OLS with AR(1) autocorrelation correction.
Period of estimation: January 1987 to January 1999.


Table 5. Natural Gas Pipeline Fuel Demand, NGACPUSX (bcf per day)
EquationDF ModelDF ErrorSSEMSE Root MSER-SquareAdj R-SqDurbin-Watson
NGACPUSX 14 95 0.43026 0.0045291 0.0673 0.9804 0.9777 1.97
ParameterEstimateApprox. Std. Err.'T' RatioLabel
NGAC_01 1.23736 0.17845 6.93 NGACPUS
NGAC_06 0.040671 0.0249 1.63 FEB = 1 if February, 0 otherwise
NGAC_07 -0.15597 0.04232 -3.69 MAR = 1 if March, 0 otherwise
NGAC_08 -0.2697 0.06546 -4.12 APR = 1 if April, 0 otherwise
NGAC_09 -0.46334 0.08241 -5.62 MAY = 1 if May, 0 otherwise
NGAC_10 -0.50112 0.08599 -5.83 JUN = 1 if June, 0 otherwise
NGAC_11 -0.52142 0.08366 -6.23 JUL = 1 if July, 0 otherwise
NGAC_12 -0.52332 0.08246 -6.35 AUG = 1 if August, 0 otherwise
NGAC_13 -0.55007 0.08236 -6.68 SEP = 1 if September, 0 otherwise
NGAC_14 -0.54978 0.0719 -7.65 OCT = 1 if October, 0 otherwise
NGAC_15 -0.40471 0.04449 -9.1 NOV = 1 if November, 0 otherwise
NGAC_16 -0.19166 0.02541 -7.54 DEC = 1 if December, 0 otherwise
NGACPUSX_L1 0.880387 0.04838 18.2 AR(1) Param. for NGACPUSX
NGAC_DM 0.018693 0.00239 7.82 Throughput
Method of estimation: OLS with AR(1) autocorrelation correction.
Period of estimation: January 1990 to January 1999.


Table 6. Exports of Natural gas, NGEXPUS (bcf per day)
EquationDF ModelDF ErrorSSEMSE Root MSER-SquareAdj R-SqDurbin-Watson
NGEXPUS 4 96 0.64181 0.0066855 0.08176 0.4094 0.391 2.1
ParameterEstimateApprox. Std. Err.'T' RatioLabel
NGEX_01 0.451353 0.02101 21.49 CONSTANT
NGEX_09 -0.09893 0.02788 -3.55 MAY = 1 if May, 0 otherwise
NGEXPUS_L1 0.611083 0.08244 7.41 AR(1) Param. for NGEXPUS
Method of estimation: OLS with AR(1) autocorrelation correction.
Period of estimation: January 1991 to March 1999.


Table 7. Natural Gas in Underground Storage, NGUSPUSX (bcf)
EquationDF ModelDF ErrorSSEMSE Root MSER-SquareAdj R-SqDurbin-Watson
NGUSPUSX 1 131 786059 6000.5 77.46258 0.9852 0.9852 1.672
ParameterEstimateApprox. Std. Err.'T' RatioLabel
NGUS_R1 0.912386 0.03671 24.85 LAG(NGUSPUS)
NGSI_01 1.989141 0.3668 5.42 CONSTANT
Method of estimation: OLS.
Period of estimation: January 1988 to march 1999.


Table 8. Natural Gas Supply/Demand Balancing Item, BALITX (bcf per day)
EquationDF ModelDF ErrorSSEMSE Root MSER-SquareAdj R-SqDurbin-Watson
BALITX 13 72 153.28509 2.12896 1.4591 0.81 0.7784 2.036
ParameterEstimateApprox. Std. Err.'T' RatioLabel
NGBL_01 -0.35519 0.52339 -0.68 CONSTANT
NGBL_06 4.087632 0.70909 5.76 FEB = 1 if February, 0 otherwise
NGBL_07 2.124044 0.75684 2.81 MAR = 1 if March, 0 otherwise
NGBL_09 1.954012 0.76461 2.56 MAY = 1 if May, 0 otherwise
NGBL_10 1.321404 0.76476 1.73 JUN = 1 if June, 0 otherwise
NGBL_11 0.050027 0.76478 0.07 JUL = 1 if July, 0 otherwise
NGBL_12 -0.32586 0.76475 -0.43 AUG = 1 if August, 0 otherwise
NGBL_13 -1.07844 0.76459 -1.41 SEP = 1 if September, 0 otherwise
NGBL_14 -3.31515 0.76346 -4.34 OCT = 1 if October, 0 otherwise
NGBL_15 -5.26203 0.75581 -6.96 NOV = 1 if November, 0 otherwise
NGBL_16 -3.50047 0.70199 -4.99 DEC = 1 if December, 0 otherwise
BALITX_1 0.148109 0.11612 1.28 AR(1) Param. for BALITX
Method of estimation: OLS with AR(1) autocorrelation correction.
Period of estimation: January 1992 to February 1999.


Table 9. Natural Gas Supplemental Fuel Supply, NGSFPUS ( bcf per day)
EquationDF ModelDF ErrorSSEMSE Root MSER-SquareAdj R-SqDurbin-Watson
NGSFPUS 13 120 0.04772 0.0003977 0.01994 0.8781 0.8659 2.366
ParameterEstimateApprox. Std. Err.'T' RatioLabel
NGSF_01 0.3875 0.007365 52.61 CONSTANT
NGSF_06 -0.0193 0.00662 -2.92 FEB = 1 if February, 0 otherwise
NGSF_07 -0.04796 0.008373 -5.73 MAR = 1 if March, 0 otherwise
NGSF_08 -0.09097 0.009263 -9.82 APR = 1 if April, 0 otherwise
NGSF_09 -0.12783 0.00974 -13.12 MAY = 1 if May, 0 otherwise
NGSF_10 -0.13344 0.009978 -13.37 JUN = 1 if June, 0 otherwise
NGSF_11 -0.12037 0.01005 -11.98 JUL = 1 if July, 0 otherwise
NGSF_12 -0.1248 0.009977 -12.51 AUG = 1 if August, 0 otherwise
NGSF_13 -0.13167 0.009739 -13.52 SEP = 1 if September, 0 otherwise
NGSF_14 -0.09876 0.009261 -10.66 OCT = 1 if October, 0 otherwise
NGSF_15 -0.05562 0.008371 -6.64 NOV = 1 if November, 0 otherwise
NGSF_16 -0.01361 0.006618 -2.06 DEC = 1 if December, 0 otherwise
NGSFPUS_L1 0.620994 0.07185 8.64 AR(1) Param. for NGSFPUS
Method of estimation: OLS with AR(1) autocorrelation correction.
Period of estimation: January 1988 to February 1999.

Table 10. Imports of Natural Gas, NGIMPUSX (bcf per day)
EquationDF ModelDF ErrorSSEMSE Root MSER-SquareAdj R-SqDurbin-Watson
NGIMPUSX 14 110 10.03211 0.0912 0.30199 0.9735 0.9703 2.208
ParameterEstimateApprox. Std. Err.'T' RatioLabel
NGIM_01 -3.42259 0.59428 -5.76 CONSTANT
NGIM_T 0.045798 0.002531 18.1 TIME
NGIM_06 -0.16582 0.09742 -1.7 FEB = 1 if February, 0 otherwise
NGIM_07 -0.5333 0.12709 -4.2 MAR = 1 if March, 0 otherwise
NGIM_08 -0.66539 0.14398 -4.62 APR = 1 if April, 0 otherwise
NGIM_09 -0.92954 0.15624 -5.95 MAY = 1 if May, 0 otherwise
NGIM_10 -0.98742 0.16263 -6.07 JUN = 1 if June, 0 otherwise
NGIM_11 -0.98692 0.16481 -5.99 JUL = 1 if July, 0 otherwise
NGIM_12 -0.95327 0.16341 -5.83 AUG = 1 if August, 0 otherwise
NGIM_13 -0.81122 0.15831 -5.12 SEP = 1 if September, 0 otherwise
NGIM_14 -0.72831 0.14854 -4.9 OCT = 1 if October, 0 otherwise
NGIM_15 -0.30185 0.13169 -2.29 NOV = 1 if November, 0 otherwise
NGIM_16 -0.09924 0.10148 -0.98 DEC = 1 if December, 0 otherwise
NGIMPUSX_L1 0.716946 0.07015 10.22 AR(1) Param. for NGIMPUSX
Method of estimation: OLS with AR(1) autocorrelation correction.
Period of estimation: January 1989 to February 1999.


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