The Importance of Manufacturing Lag in a Bull Market

There is an assumption on, let's say the time it takes to get to that long run equilibrium point. And I think that is an important one because if that one is very short, what you're going to see is that the big compile goes up and immediately the estimated energy consumption goes up. If you compare my model to Cambridge, I'm actually the only one that accounts for manufacturing lag. But we don't really know how the average is developing over time. These are known as, we know that these are assumptions and these assumptions can be wrong.