Regime-Switching Temperature Dynamics Model for Weather Derivatives

Table 1

Descriptive statistics for daily average temperature.

	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