Graphs showing relationship between CO2 and temperature anomalies (HADCRU5) using annual data from 1959 thru 2021.
Basic OLS output:
Further ACF graph shows no evidence of autocorrelation in the residuals:
Here is a graph showing fitted versus actual:
I am not particularly recommending this model. It has lots of problems. My only point here is to show that the results of the regression depend on the start date. Including a lot of very early CO2 data convolutes things because of various regime changes. Using later data better captures what's going on in more recent times when CO2 emissions have become a much bigger problem for lots of different reasons.
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