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Fig 7 -

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posted on 08.10.2021, 17:27 authored by Benson 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.