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We study the stability of estimated linear statistical relations of global mean temperature and global mean sea level with regard to data revisions. Using four different model specifications proposed in the literature, we compare coefficient estimates and long-term sea level projections using...
Persistent link: https://www.econbiz.de/10012312107
Global sea levels are rising which is widely understood as a consequence of thermal expansion and melting of glaciers and land-based ice caps. Due to physically-based models being unable to simulate observed sea level trends, semi-empirical models have been applied as an alternative for...
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We study the stability of the estimated statistical relation of global mean temperature and global mean sea-level with regard to data revisions. Using three different model specifications proposed in the literature, we compare coefficient estimates and forecasts using two different vintages of...
Persistent link: https://www.econbiz.de/10013021842
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Mean reversion, volatility persistence, long memory, time scales, stochastic volatility, GARCH, spurious long memory. - I discuss mean reversion in the first and the second moment of the return distribution. After a discussion of the concepts and a summary of the findings in the literature, I...
Persistent link: https://www.econbiz.de/10001774355