Table 1: Regression Results for the Effect of Distance and Commodity Tonnage on Forecast Accuracy

Table 1: Regression Results for the Effect of Distance and Commodity Tonnage on Forecast Accuracy

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Dependent variable: commodity forecast error

Independent variable Coefficient t-statistic
Constant 0.24 2.4
Distance ratio for commodity 0.10 1.4
Observed inflows of commodity to state -1.65 -1.4
Adjusted R2: 0.03

Note: Dependent variable measured in absolute value terms; observed inflows as reported in tables A1-A 7.