03.08.2009

Starting with the procurement of fuel for the power stations, the generation of electricity, transmission and distribution of that electricity across land and the delivery of service to end consumers.

Econometrics is derived from several disciplines, including mathematical economics, statistics, economic statistics, and economic theory. The goal of econometrics is twofold: to give economic theory empirical data and to empirically verify it. It is a study that produces measurements, where qualitative data is turned into quantitative mathematical forms. Once this is performed, these statements can then be empirically proven, disproven, measured, and compared

Motion in pipe caused by waves, currents, and storms can shorten the service life of subsea pipe, especially steel pipe