Forecasting Electric Car Market Shares

This lecture covers the process of forecasting future market shares of electric cars using a model that predicts market penetration based on age categories. By making behavioral assumptions and estimating parameters, the instructor demonstrates how to calculate current and future market shares, assuming a stable causal relationship between age and electric car ownership. Through a simplistic example, the lecture illustrates the essential modeling choices needed for practical applications, paving the way for more complex analyses on realistic data and models.