Statistics seminar - Dr Won-Ki Seo - University of Sydney

A seminar by Dr Won-Ki Seo from University of Sydney

Title: Functional Data Analysis of Climate change and Its Economic Impacts

Abstract: Climate change is characterized by persistent, nonstationary changes in temperature distributions, with potentially long-lasting consequences for economic outcomes. This talk explores how these persistent changes can be explained by anthropogenic forcing and how their economic impacts can be assessed using functional data analysis. The central idea is that stable long-run relationships may exist among functional variables even when they exhibit nonstationary dynamics. We discuss regression methods that exploit such relationships while accommodating the infinite-dimensional nature of functional observations and potential measurement errors. The applications illustrate how these methods can help us understand the persistent evolution of climate and its economic consequences beyond what conventional scalar approaches can reveal.

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