Those who can’t bear to believe that the laws of physics govern global temperature, still want to maintain that it’s a random walk. They base this on the fact that the ADF (Augmented Dickey-Fuller test) doesn’t reject the presence of a unit root, if you refuse to use the BIC (Bayesian Information Criterion) for model selection and you’re willing to ignore the Phillips-Perron unit root test.Read the rest of the post at the source…
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