estimation period may be preferable to estimating specification parameters from all available observations. Finally, the hedging …

inquire systematically as to whether it may prove useful from the vantage point of participants in the weather derivatives … forecasts, but also the long-horizon density forecasts of maximal relevance in weather derivatives contexts. We produce and … evaluate both, with some success. We conclude that additional inquiry into nonstructural weather forecasting methods will …

We propose a nonparametric method for estimating the pricing formula of a derivative asset using learning networks … the practical relevance of our network pricing approach, we apply it to the pricing and delta-hedging of S&P 500 futures …

comparable to that of returns in stock markets. Evidence is shown that there may be only minimal possibility of cross hedging … examined. Such markets, by allowing hedging of these aggregate income risks, might make for dramatically more effective …