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How important is the AR1 coefficient for WTC significance levels?

ar1 coefficient levels significance WTC
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How important is the AR1 coefficient for WTC significance levels?

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The definition of Wavelet coherence (WTC) effectively normalizes by the local power in time frequency space. Therefore WTC is very insensitive to the noise colour used in the null-hypothesis (see Grinsted et al. 2004).

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