Proposed Next Steps

Bring a compiled version of the AEO2008 version of NEMS and ultimately the AEO2009 version of NEMS in-hand and conduct similar sensitivity analyses for comparative, and possibly diagnostic, purposes as compared to the AEO2007 version of NEMS upon which the NEMS results presented here are based.

Expand the NEMS modules considered to include a supply module and a module using the NEMS optimizing platform (the Electricity Market Module has been proposed).

Increase the influences considered to include, such as, changes in laws, regulations, and other factors against the eventual assessment of NEMS error components to begin in 2010 with the AEO2007 version of NEMS.

Automate and begin to conduct structural sensitivity analyses for each version of RSTEM for diagnostic purposes.

Increase the number of RSTEM forecasting equations considered to include energy supply.

Conduct a reduced form analysis of each published version of RSTEM projections as actual data become available (this portion of the project is described in a separate paper).