Table 2: Regression Results for the Effect of Distance and the Relative Importance of a Commodity on Forecast Accuracy
Table 2: Regression Results for the Effect of Distance and the Relative Importance of a Commodity on Forecast Accuracy
Dependent variable: commodity forecast error
| Independent variable | Coefficient | t-statistic |
|---|---|---|
| Constant | 0.23 | 2.4 |
| Distance ratio for commodity | 0.11 | 1.5 |
| Inflows as % total inflows to state | -0.86 | -1.6 |
| Adjusted R2: 0.04 | ||
Note: Dependent variable measured in absolute value terms; inflows as a percent of total inflows derived from observed inflows by commodity and total state inflows.