Regression table; see text for complete discussion.
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t statistics in parentheses.**p*pModel (3) is the final descriptive model, performing better than models (1) and (2). Model (4) shows that seasonal (sin, cos) terms provide no improvement upon model (3), and model (5) is the out-of-sample prediction model for periods in which the Oceanic Niño Index (ONI) is not available. Time is measured in days since 1 January 1960.
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2015-12-02



