Temperature Anomalies, Long Memory, and Aggregation
Published in Econometrics, 2021
Recommended citation: Vera-Valdés, J.E. (2021). "Temperature Anomalies, Long Memory, and Aggregation." Econometrics. 9(1). https://www.mdpi.com/2225-1146/9/1/9
This paper shows that the long memory parameters in individual grid temperature observations are smaller than those from regional averages. Global and regional long memory estimates are greatly affected by temperature measurements at the Tropics, where the data is less reliable. Thus, this paper supports the notion that aggregation may be exacerbating the long memory estimated in regional and global temperature data.