posted on 2021-10-08, 17:27authored byBenson K. Kenduiywo, Michael R. Carter, Aniruddha Ghosh, Robert J. Hijmans
<p>Comparison of perfect insurance contract versus two index insurance contracts with similar R<sup>2</sup> of 0.41 and <i>RIB</i> 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 <i>z</i>-scores less than -0.5 (lm5) model and lMD predictor.</p>