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Table 8 Independent variable Correlation matrix

From: The Low-cost fare response to new entry

	D_no competit	t trend	D_H Dep closer	H Dep closeness	U2 seats t-7	∆ seats LCCs Comp	∆ seats FCSs	D_hub
D_no competitor	1
t trend	0.0622	1
D_H Dep closer	−0.1839	−0.0747	1
H Dep closeness	0.2884	0.0636	0.0129	1
U2 seats t-7	−0.0706	−0.0652	0.0284	0.0802	1
∆ seats LCCs	0.1643	−0.1494	0.1215	−0.1613	−0.0733	1
∆ seats FCSs	−0.2197	−0.1014	0.0508	−0.0941	0.2086	−0.2062	1
D_hub	−0.3539	−0.0444	0.0496	−0.1027	0.3198	−0.0608	0.3235	1

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