Interactive system for the simulation of an econometric model

Interactive implementation of econometric models combined with computer graphics provides an important aid to decision-makers. This concept has been demonstrated by this thesis using an interactive implementation of the regional adaptation of the supply portion of the MacAvoy-Pindyck model of natural gas industry for Texas. The model has been designed for the aim of analyzing the effects of alternative regulatory policies on the natural gas industry. The features of the interactive system include the following : 1. Input of user specified exogenous variables. 2. Modification of the regression coefficients. 3. Graphic comparison of different scenarios. 4. Testing of the validity of the model by simulation of a historical period. 5. Graphic outputs of model's results. 6. Provision for discontinuities in policies. Regardless of their degree of familiarity with the use of computers, users can run this tutorial interactive model very easily and efficiently.