Neas-Seminars

Temperature Regression


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By Scott.McEachern - 1/6/2010 3:13:50 PM

When using EXCEL' built in regression function for a temperature project, I tried to mimic the way interest rates were regressed in the NEAS examples. I entered the Y variable as the current temperature and regressed the X variable as the 1 day lagged temperature (the temperature starting on day 2 instead of day 1). On most of the student projects they are getting a regression coefficient of ~ 0.59 and when i do it i constantly get a coefficient of 1.00

Is there some other variables that I should be regressing on to get a coefficient closer to 0.59?

[NEAS: Using many years and complete data, you should get an intercept between 80% and 95% and an R-squared of 70% to 90%. The actual results vary with the weather service location.]

By kevie226 - 1/18/2010 4:10:39 PM

I am having a similar problem, except I am getting and an R Square value of .9395.
Is this ok? Any help?