posted on 2021-10-08, 17:27authored byBenson K. Kenduiywo, Michael R. Carter, Aniruddha Ghosh, Robert J. Hijmans
Comparison of perfect insurance contract versus two index insurance contracts with similar R2 of 0.41 and RIB of 0.41 in (a) and 0.50 in (b). The index insurance contract in (a) in based on segmented (sm) model and lRN predictor while (b) uses piecewise linear with z-scores less than -0.5 (lm5) model and lMD predictor.