A Methodical Approach to Design and Valuation of Weather Derivatives in Agriculture

Table 3

Results of the regression analysis.

Crop/region	Regression	𝑅^2	Adj. 𝑅^2	Breusch-Godfrey test (𝑃 value)	White test LM (𝑃 value)	A-D test for residuals; (𝑃 value)
Wheat/Jihomoravský	𝑦=−0.3987𝑥+11.2960	0.481	0.467	0.792216; (0.379182)	0.110964; (0.946029)	0.894
Barley/Jihomoravský	𝑦=−0.3623𝑥+9.5613	0.473	0.460	0.778546; (0.386845)	0.593445; (0.743250)	0.957

Notes: Breusch-Godfrey test does not show the existence of autocorrelation in time series. White test did not indicate any presence of heteroskedasticity.
Source: authors.