Robust Analysis of Regression of Turkey's CO2 Emission Dataset
Robust Analysis of Regression of Turkey's CO2 Emission Dataset
Resumen
This study examines how Turkey's industrialization affected CO2 emissions from 1973 and 2021. The CO2 emission dataset is analyzed using least squares (LS), generalized least squares (GLS), and robust regression (RR) techniques. The mean squared error (MSE) is used to compare these regression estimate methods. The paper also looks at important regression assumptions such multicollinearity, autocorrelation, heteroscedasticity, and normality. Model selection techniques are applied in the multicollinearity detection case to remove superfluous variables. To find the best model for the CO2 emission dataset, all regression estimation methods are re-applied after variables have been eliminated. The study also examines and corrects for heteroscedasticity and autocorrelation, if they are found. This study intends to offer important insights into the environmental effects of economic development by thoroughly examining the connection between industrialization and CO2 emissions in Turkey.
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