Spatial Aggregation and Weather Risk Management

Table 3^a. Hedging Results of Historical Simulation,

Out-of-Sample Estimates, 1987-2002

second half of the data period (1987-2002) when
hedging with call options. Out-of-sample estimates are
obtained by applying the optimal hedge estimated from
the first half of the data period to the second.

32

<<   29   30   31   32   33   34   >>

More intriguing information