Global Warming: Is It True? Peter Fuller Odeliah Greene Amanda Smith May Zin.

Slides:



Advertisements
Similar presentations
COINTEGRATION 1 The next topic is cointegration. Suppose that you have two nonstationary series X and Y and you hypothesize that Y is a linear function.
Advertisements

Augmented Dickey-Fuller Test Equation Dependent Variable: D(LGDPI) Method: Least Squares Sample (adjusted): Included observations: 44 after adjustments.
Christopher Dougherty EC220 - Introduction to econometrics (chapter 13) Slideshow: tests of nonstationarity: example and further complications Original.
============================================================ Dependent Variable: LGHOUS Method: Least Squares Sample: Included observations:
AUTOCORRELATION 1 The third Gauss-Markov condition is that the values of the disturbance term in the observations in the sample be generated independently.
FITTING MODELS WITH NONSTATIONARY TIME SERIES 1 Detrending Early macroeconomic models tended to produce poor forecasts, despite having excellent sample-period.
Welcome to Econ 420 Applied Regression Analysis Study Guide Week Three Ending Tuesday, September 11 (Note: You must go over these slides and complete every.
Chapter 4 Using Regression to Estimate Trends Trend Models zLinear trend, zQuadratic trend zCubic trend zExponential trend.
1 TIME SERIES MODELS: STATIC MODELS AND MODELS WITH LAGS In this sequence we will make an initial exploration of the determinants of aggregate consumer.
NBA Statistical Analysis Econ 240A. Intro. to Econometrics. Fall Group 3 Lu Mao Ying Fan Matthew Koson Ryan Knefel Eric Johnson Tyler Nelson Grop.
Angela Sordello Christopher Friedberg Can Shen Hui Lai Hui Wang Fang Guo.
Factors Determining the Price Of Used Mid- Compact Size Vehicles Team 4.
1 Lecture Twelve. 2 Outline Failure Time Analysis Linear Probability Model Poisson Distribution.
TAKE HOME PROJECT 2 Group C: Robert Matarazzo, Michael Stromberg, Yuxing Zhang, Yin Chu, Leslie Wei, and Kurtis Hollar.
Marietta College Week 14 1 Tuesday, April 12 2 Exam 3: Monday, April 25, 12- 2:30PM Bring your laptops to class on Thursday too.
1 Econ 240 C Lecture 3. 2 Part I Modeling Economic Time Series.
1 Econ 240 C Lecture White noise inputoutput 1/(1 – z) White noise input output Random walkSynthesis 1/(1 – bz) White noise input output.
Is There a Difference?. How Should You Vote? Is “Big Government” better?Is “Big Government” better? –Republicans want less government involvement. –Democrats.
1 Econ 240 C Lecture Time Series Concepts Analysis and Synthesis.
Determents of Housing Prices. What & WHY Our goal was to discover the determents of rising home prices and to identify any anomies in historic housing.
1 Econ 240 C Lecture 6. 2 Part I: Box-Jenkins Magic ARMA models of time series all built from one source, white noise ARMA models of time series all built.
NEW MODELS FOR HIGH AND LOW FREQUENCY VOLATILITY Robert Engle NYU Salomon Center Derivatives Research Project Derivatives Research Project.
Car Sales Analysis of monthly sales of light weight vehicles. Laura Pomella Karen Chang Heidi Braunger David Parker Derek Shum Mike Hu.
1 Econ 240 C Lecture 3. 2 Time Series Concepts Analysis and Synthesis.
Why Can’t I Afford a Home? By: Philippe Bonnan Emelia Bragadottir Troy Dewitt Anders Graham S. Matthew Scott Lingli Tang.
1 Motor Vehicle Accidents Hunjung Kim Melissa Manfredonia Heidi Braunger Yaming Liu Jo-Yu Mao Grace Lee December 1, 2005 Econ 240A Project.
1 Econ 240A Power 7. 2 This Week, So Far §Normal Distribution §Lab Three: Sampling Distributions §Interval Estimation and HypothesisTesting.
Determining what factors have an impact on the burglary rate in the United States Team 7 : Adam Fletcher, Branko Djapic, Ivan Montiel, Chayaporn Lertarattanapaiboon,
Violent Crime in America ECON 240A Group 4 Thursday 3 December 2009.
Lecture Week 3 Topics in Regression Analysis. Overview Multiple regression Dummy variables Tests of restrictions 2 nd hour: some issues in cost of capital.
Alcohol Consumption Allyson Cady Dave Klotz Brandon DeMille Chris Ross.
California Expenditure VS. Immigration By: Daniel Jiang, Keith Cochran, Justin Adams, Hung Lam, Steven Carlson, Gregory Wiefel Fall 2003.
So far, we have considered regression models with dummy variables of independent variables. In this lecture, we will study regression models whose dependent.
1 Lecture One Econ 240C. 2 Outline Pooling Time Series and Cross- Section Review: Analysis of Variance –one-way ANOVA –two-way ANOVA Pooling Examples.
GDP Published by: Bureau of Economic Analysis Frequency: Quarterly Period Covered: prior quarter Volatility: Moderate Market significance: very high Web.
MLB STATS Group SIX Astrid AmsallemJoel De Martini Naiwen ChangQi He Wenjie HuangWesley Thibault.
1 Power Fifteen Analysis of Variance (ANOVA). 2 Analysis of Variance w One-Way ANOVA Tabular Regression w Two-Way ANOVA Tabular Regression.
1 Econ 240A Power 7. 2 Last Week §Normal Distribution §Lab Three: Sampling Distributions §Interval Estimation and HypothesisTesting.
Zhen Tian Jeff Lee Visut Hemithi Huan Zhang Diana Aguilar Yuli Yan A Deep Analysis of A Random Walk.
1 Power Fifteen Analysis of Variance (ANOVA). 2 Analysis of Variance w One-Way ANOVA Tabular Regression w Two-Way ANOVA Tabular Regression.
Forecasting Fed Funds Rate Group 4 Neelima Akkannapragada Chayaporn Lertrattanapaiboon Anthony Mak Joseph Singh Corinna Traumueller Hyo Joon You.
U.S. Tax Revenues and Policy Implications A Time Series Approach Group C: Liu He Guizi Li Chien-ju Lin Lyle Kaplan-Reinig Matthew Routh Eduardo Velasquez.
Matt Mullens Gulsah Gunenc Alex Keyfes Gaoyuan Tian Andrew Booth.
DURBIN–WATSON TEST FOR AR(1) AUTOCORRELATION
FORECASTING WITH REGRESSION MODELS TREND ANALYSIS BUSINESS FORECASTING Prof. Dr. Burç Ülengin ITU MANAGEMENT ENGINEERING FACULTY FALL 2011.
DISSERTATION PAPER Modeling and Forecasting the Volatility of the EUR/ROL Exchange Rate Using GARCH Models. Student :Becar Iuliana Student :Becar Iuliana.
Predicting volatility: a comparative analysis between GARCH Models and Neural Network Models MCs Student: Miruna State Supervisor: Professor Moisa Altar.
What decides the price of used cars? Group 1 Jessica Aguirre Keith Cody Rui Feng Jennifer Griffeth Joonhee Lee Hans-Jakob Lothe Teng Wang.
A N E MPIRICAL A NALYSIS OF P ASS -T HROUGH OF O IL P RICES TO I NFLATION : E VIDENCE FROM N IGERIA. * AUWAL, Umar Department of Economics, Ahmadu Bello.
Welcome to Econ 420 Applied Regression Analysis Study Guide Week Five Ending Wednesday, September 26 (Note: Exam 1 is on September 27)
The Academy of Economic Studies Bucharest Doctoral School of Banking and Finance DISSERTATION PAPER CENTRAL BANK REACTION FUNCTION MSc. Student: ANDRA.
1 Economics 240A Power Eight. 2 Outline n Maximum Likelihood Estimation n The UC Budget Again n Regression Models n The Income Generating Process for.
NONPARAMETRIC MODELING OF THE CROSS- MARKET FEEDBACK EFFECT.
SPURIOUS REGRESSIONS 1 In a famous Monte Carlo experiment, Granger and Newbold fitted the model Y t =  1 +  2 X t + u t where Y t and X t were independently-generated.
Welcome to Econ 420 Applied Regression Analysis Study Guide Week Four Ending Wednesday, September 19 (Assignment 4 which is included in this study guide.
PARTIAL ADJUSTMENT 1 The idea behind the partial adjustment model is that, while a dependent variable Y may be related to an explanatory variable X, there.
AUTOCORRELATION 1 Assumption C.5 states that the values of the disturbance term in the observations in the sample are generated independently of each other.
2010, ECON Hypothesis Testing 1: Single Coefficient Review of hypothesis testing Testing single coefficient Interval estimation Objectives.
FUNCTIONAL FORMS OF REGRESSION MODELS Application 5.
Air pollution is the introduction of chemicals and biological materials into the atmosphere that causes damage to the natural environment. We focused.
With the support of the European Commission 1 Competitiveness of the SME’s in Albania A review of the business conditions with a focus on financing conditions.
Partial Equilibrium Framework Empirical Evidence for Argentina ( )
T HE SAT S CORES TELL A STORY OF THE U.S. D EMOGRAPHIC ECON 240A.
WSUG M AY 2012 EViews, S-Plus and R Damian Staszek Bristol Water.
An Assessment of Climate Change

المبادلة بين العائد و المخاطرة دراسة قياسية السنة الدراســــــــية:
Introduction to Econometrics, 5th edition Chapter 12: Autocorrelation
Forecasting the Return Volatility of the Exchange Rate
Presentation transcript:

Global Warming: Is It True? Peter Fuller Odeliah Greene Amanda Smith May Zin

What is Global Warming? Global warming is the increase in the average temperature of the Earth's near-surface air and oceans since the mid-twentieth century, and its projected continuation.

Data We’re Using Our data showed monthly average temperatures in England from

Forecasting Goal Our purpose is to explore the validity of Global Warming with regards to temperature change in England.

Trace

Histogram

Correlogram

Unit Root Test ADF Test Statistic % Critical Value* % Critical Value % Critical Value *MacKinnon critical values for rejection of hypothesis of a unit root. Augmented Dickey-Fuller Test Equation Dependent Variable: D(TEMP) Method: Least Squares Date: 06/02/08 Time: 03:02 Sample(adjusted): 1850: :04 Included observations: 1899 after adjusting endpoints VariableCoefficientStd. Errort-StatisticProb. TEMP(-1) C R-squared Mean dependent var Adjusted R-squared S.D. dependent var S.E. of regression Akaike info criterion Sum squared resid Schwarz criterion Log likelihood F-statistic Durbin-Watson stat Prob(F-statistic)

How we go about fixing the data We seasonally differenced the model using a new variable: SDTemp=Temp-Temp(-12)

Our best model Our best model is: SDTemp C AR(1) AR(2) MA(12) AR(19) w/ ARCH (1) and GARCH (0)

Estimation Output

Actual, Fitted Residual Graph

Histogram

Correlogram

ARCH LM Test ARCH Test: F-statistic7.80E-05 Probability Obs*R-squared7.81E-05 Probability Test Equation: Dependent Variable: STD_RESID^2 Method: Least Squares Date: 06/02/08 Time: 03:41 Sample(adjusted): 1852: :04 Included observations: 1868 after adjusting endpoints VariableCoefficientStd. Errort-StatisticProb. C STD_RESID^2(-1) R-squared Mean dependent var Adjusted R-squared S.D. dependent var S.E. of regression Akaike info criterion Sum squared resid Schwarz criterion Log likelihood F-statistic7.80E-05 Durbin-Watson stat Prob(F-statistic)

Within Sample Forecast

Recoloring our Within Sample Forecast

Forecasting Ahead

Recoloring our Forecast of the Future

Seasonal Dummies

Conclusion We must look to other data such as rainfall, sea levels, ocean temperatures, C0 2 data to say that global warming does exist.