An analysis of temperature anomalies in Chile using fractional integration.

Abstract

This paper deals with the study of stationarity and mean reversion in the temperature anomalies series in the southwestern American cone. In particular, monthly temperatures in 12 Chilean meteorological stations were studied (from the 1960’s to nowadays), examining if temperature shocks are expected to remain in the long term or if they are reversible. The results clearly show a significant relationship between the latitude, climate, and the order of integration of the temperatures. The orders of integration tend to be smaller in colder southern parts, therefore impacts of climate change are expected to be more reversible. However, in northern desert areas the orders of integration are larger than 0.5, thus impacts are expected to be maintained for a longer time.