Table 2.
Division | Univariate regression | Decomposition | Custom time series regression | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
PCP (P < 0.05) | TMP (R 2) | R 2 | Holdout | Norm | White noise | Variables | R 2 | Holdout | Norm | White noise | |
Georgia | Yes | 0.51 | 0.73 | 0.66 | Yes | No, close | T, PCP, TMP (lag 6) | 0.64 | 0.66 | Yes | No |
1 | No | 0.26 | 0.44 | 0.13 | No, close | Yes |
TMP (lag 6) IV: July 2007 |
0.40 | 0.02 | Yes | Yes |
2 | Yes | 0.30 | 0.55 | 0.40 | Yes | No | T, PCP, TMP |
0.46 Robusta |
0.48 | Yes | Yes |
3 | Yes | 0.12 | 0.27 | –0.37 | Yes | No |
PCP, TMP IV: June 2005 |
0.36 | 0.03 | Yes | Yes |
4 | No | 0.17 | 0.37 | 0.19 | No, close | Yes |
T, TMP (lag 6) IV: Jan 2007 |
0.42 | 0.26 | Yes | Yes |
5 | No | 0.19 | 0.41 | 0.09 | Yes | Yes | TMP (lag 6) |
0.33 Robust |
0.31 | No, close | Yes |
6 | Yes | 0.10 | 0.47 | 0.21 | Yes | No |
PCP, TMP (lag 6) IV: Aug 2001 IV: June 2003 |
0.47 | 0.45 | Yes | Yes |
7 | No | 0.13 | 0.31 | 0.24 | No, close | Yes |
TMP IV: Aug 2001 IV: Aug 2003 |
0.35 | 0.20 | Yes | Yes |
8 | No | 0.15 | 0.29 | 0.11 | Yes | Yes |
TMP IV: Aug 2002 |
0.27 | 0.00 | No | Yes |
9 | Yes | 0.25 | 0.36 | 0.12 | Yes | No | PCP (lag 6), TMP | 0.31 | 0.09 | No, close | Yes |
1, 2, and 3 | Yes | 0.33 | 0.49 | 0.43 | Yes | No |
PCP, TMP (lag 6) IV: June 2005 |
0.52 | 0.46 | Yes | Yes |
4, 5, and 6 | Yes | 0.27 | 0.55 | 0.43 | Yes | No |
TMP (lag 6) IV: May 2000 IV: June 2003 |
0.57 | 0.34 | No, close | Yes |
7, 8, and 9 | Yes | 0.36 | 0.51 | 0.22 | Yes | No | TMP | 0.36 | 0.28 | Yes | Yes |
T trend, PCP precipitation, TMP temperature, IV intervention
aRobust method improved normality and model results