By Stephen Jewson
Initially released in 2005, climate by-product Valuation covers all of the meteorological, statistical, monetary and mathematical concerns that come up within the pricing and hazard administration of climate derivatives. There are chapters on meteorological info and information cleansing, the modelling and pricing of unmarried climate derivatives, the modelling and valuation of portfolios, using climate and seasonal forecasts within the pricing of climate derivatives, arbitrage pricing for climate derivatives, probability administration, and the modelling of temperature, wind and precipitation. particular concerns coated intimately comprise the research of uncertainty in climate spinoff pricing, time-series modelling of day-by-day temperatures, the production and use of probabilistic meteorological forecasts and the derivation of the elements by-product model of the Black-Scholes equation of mathematical finance. Written by means of specialists who paintings in the climate spinoff undefined, this publication is filled with useful details and theoretical perception into the area of climate spinoff pricing.
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