Research Article
Regime-Switching Temperature Dynamics Model for Weather Derivatives
Table 1
Descriptive statistics for daily average temperature.
| ā | Mean | Median | Mode | std | Min | Max | Skewness | Kurtosis | Hurst Exponent | | P value |
| Bole | 27.20 | 27.00 | 26.5 | 2.07 | 21.40 | 34.20 | 0.41 | 2.77 | 0.8212 | 615.01 | 0 | Tamale | 28.69 | 28.40 | 27.8 | 2.47 | 21.40 | 35.60 | 0.31 | 2.34 | 0.7643 | 567.85 | 0 |
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