Our Earth Day episode of JMP on Air kicks off with SAS Co-Founder and JMP Chief Architect John Sall. In his talk, Supply and Demand with Carbon Pricing, John combines his expertise in JMP and a passion for global conservation and environmental issues to compare a carbon tax to cap-and-trade-- using JMP for scripting and creating graphs. After providing some background on the issues around carbon pricing, John shows us how supply and demand slopes are affected based on the tax, as well as the effects low and boom demands would have on price.
Formulae are used to create transformed or derived variables using built-in functions, constants and/or existing variables.
