Figure 1: Time-Series Plots, Daily Average Temperature
100
Atlanta
Chicag o
Las Vegas
Philadelphia
80
60
40
20
0
-20
1996 1997 1998 1999 2000 2001
1996 1997 1998 1999 2000 2001
1996 1997 1998 1999 2000 2001
1996 1997 1998 1999 2000 2001
Figure 2: Estimated Unconditional Distributions, Daily Average Temperature
Atlanta
.032∙
.028∙
.024∙
.020∙
.016-
.012-
.008∙
.004 •
.000-
-20 -10 0 10 20 30 40 50 60 70 80 90 100
.032∙
.028∙
.024∙
.020∙
.016-
.012∙
.008∙
.004∙
.000∙
Philadelphia
-20 -10 0 10 20 30 40 50 60 70 80 90 100
Figure 3: Estimated Model Residuals, Daily Average Temperature
Atlanta
Chicag o
Las Vegas
Philadelphia
30
20
10
0
-10
-20
-30
1996 1997 1998 1999 2000 2001
1996 1997 1998 1999 2000 2001
1996 1997 1998 1999 2000 2001
1996 1997 1998 1999 2000 2001
Figure 4: Estimated Unconditional Distribution of Residuals, Daily Average Temperature
Atlanta
-20 -10
10 20
.14.
.12-
,10.
.08.
.06.
.04.
.02∙
.00-
Las Vegas
-20 -1 0 0 10 20
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