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
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.