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

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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.