Fig. 8
From: The effect of an electricity tax on aggregate electricity consumption: evidence from Basel
Relative root mean squared prediction error. Notes: This figure shows the relative root mean squared prediction errors for Basel (black bars) and all other cities (white bars). (i), (ii), and (iii) refer to the three different specifications. The variables to be approximated are all pre-tax electricity consumption levels in specification (i), the average pre-tax electricity consumption and the determinants of electricity consumption in specification (ii), and only the determinants in specification (iii)