Modeling and Forecasting Average Temperature for Weather Derivative Pricing

The main purpose of this paper is to present a feasible model for the daily average temperature on the area of Zhengzhou and apply it to weather derivatives pricing. We start by exploring the background of weather derivatives market and then use the 62 years of daily historical data to apply the mea...

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Bibliographic Details
Main Authors: Zhiliang Wang, Peng Li, Lingyong Li, Chunyan Huang, Min Liu
Format: Article
Language:English
Published: Wiley 2015-01-01
Series:Advances in Meteorology
Online Access:http://dx.doi.org/10.1155/2015/837293
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