Table A3.

Used parameters for WTC

ElementParameterValueDescription
1nrands10Number of Monte Carlo simulations for significance testing
2mother“morlet”Type of mother wavelet: “morlet” (for financial time series)
3Sigma1Used in computing the Morlet wavelet; 1 as default
4lag1Autoregressive lag used for red-noise background model
5lty.coi1Line type for the cone of influence (COI)
6col.coi“grey”COI color
7lwd.coi2Line width for COI
8lwd.sig2Line width for significance contour
9arrow.lwd0.05Arrow line width for phase
10arrow.len0.09Arrow length for phase
11plot.cbTRUEShow color bar (coherence scale)
Source(s): Authors’ own work

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