The Design of Weather Index Insurance Using Principal Component Regression and Partial Least Squares Regression: The Case of Forage Crops

DOI10.1080/10920277.2019.1669055zbMath1454.91166OpenAlexW3007697125MaRDI QIDQ5140092

Shuo Wang, Milton S. Boyd, Brock Porth, Ken Seng Tan, Wenjun Zhu, Lysa Porth

Publication date: 13 December 2020

Published in: North American Actuarial Journal (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/10920277.2019.1669055

zbMATH Keywords

principal component regressionpartial least squares regressionweather index insurancecrop insuranceagricultural insurance

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05) Meteorology and atmospheric physics (86A10) Actuarial mathematics (91G05)