Applying Econometrics to the Carbon Dioxide “Control Knob”

Table 4

Determinants of temperature change at Pt. Barrow. Mean minimum temperature 1960–2006.

(a)

Regression statistics
Multiple 𝑅	0.660
𝑅 square	0.435
Adjusted 𝑅 square	0.409
Standard error	1.227
Observations	46

(b) ANOVA

	df	SS	MS	𝐹
Regression	2	49.913	24.956	16.566
Residual	43	64.779	1.506
Total	45	114.692

(c)

	Coefficients	Standard error	𝑡 stat	𝑃 value
Intercept	0.001	0.473	0.002	0.998
Δ [H2O]	17.225	3.076	5.600	0.000
Δ [CO2]	0.007	0.311	0.021	0.983

Sources: http://rredc.nrel.gov/solar/old_data/nsrdb/1961-1990/dsf/ and http://rredc.nrel.gov/solar/old_data/nsrdb/1991-2005/ For CO₂: http://www.esrl.noaa.gov/gmd/ccgg/trends/.