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Disappearing Clouds: Weather Influences on Retail Sales

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New Operational Approaches for Financial Modelling

Part of the book series: Contributions to Management Science ((MANAGEMENT SC.))

Abstract

In this paper, weather effects on Dutch retail sales have been investigated. For that purpose a single regression model has been developed and estimated, with the average monthly sales growth per retail shop type as the dependent variable. The data are based on a panel of Dutch retail shops, for which monthly sales figures have been obtained for the period January 1987 — July 1996. Weather variables of temperature and precipitation are included in the model and the effects on sales growth will be discussed in the paper.

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References

  • Cheng Hsiao, Analysis of Panel Data, Cambridge, Cambridge University Press, 1986.

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  • Cochran, W.G., Sampling Techniques, New York, Wiley International, 1963.

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  • Fris, P., Predicting Retail Sales with Business Panels, Seminar on The Changing Faces of Panel Research, Rome, 1994.

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  • Fris, P., A. Kleijweg, J. de Kok, Omzetprognoses voor de Detailhandel, EIM/Research Report, Zoetermeer (the Netherlands), 1996.

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© 1997 Springer-Verlag Berlin Heidelberg

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Fris, P. (1997). Disappearing Clouds: Weather Influences on Retail Sales. In: Zopounidis, C. (eds) New Operational Approaches for Financial Modelling. Contributions to Management Science. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-59270-6_14

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  • DOI: https://doi.org/10.1007/978-3-642-59270-6_14

  • Publisher Name: Physica, Heidelberg

  • Print ISBN: 978-3-7908-1043-1

  • Online ISBN: 978-3-642-59270-6

  • eBook Packages: Springer Book Archive

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