Electricity Usage in a High-rise Condo Complex pt 4

This is the fourth article in the series, where the techiness builds to a crescendo. If this is too statistical/programming geeky for you, the next posting will return to a more investigative and analytical flavor. Last time, we looked at a fixed-effects model:

m.fe <- lm (dollars ~ 1 + regime + ratetemp * I(dca - 55))

which looks like a plausible model and whose parameters are all statistically significant. A question that might arise is: why not use a hierarchical (AKA multilevel, mixed-effects) model instead? While we’re at it, why not go full-on Bayesian as well? It just so happens that there is a great new tool called Stan which fits the bill and which also has an rstan package for R.

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