Estimating the Short-term Price Elasticity of Residential Electricity Demand in Iran

Table 7

Results of regression.

Variable	Coefficient	Standard error	t-statistic	Probability
Ln (price)	−0.048	0.002	−21.84	0.0000
c	4.12	0.012	353.32	0.0000
Weighted statistics
R-squared	0.81	S.E of regression	0.43
Adjusted R-squared	0.77	Sum. Squared residue	2422.7
F-statistic	21.4	Prob (F-statistic)	0.000000

Note. Table 7 shows the results of the regression. F-statistic, t-statistics, and the corresponding -value are reported. R-squared is 0.81, which indicates that the independent variables explained about 81% of the variation that occurred in dependent variables in a regression model.