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Principal component analysis (PCA) is a widely used dimension reduction tool in the analysis of high-dimensional data. However, in many applications such as risk quantification in finance or climatology, one is interested in capturing the tail variations rather than variation around the mean. In...
Persistent link: https://www.econbiz.de/10011580438
temperature and environmental factors, and it is extremely versatile in computing out-of-sample forecasts. …
Persistent link: https://www.econbiz.de/10011325113
effects of temperature shocks on birth rates in the United States between 1931 and 2010. Our innovative approach allows for … fertility cost of temperature shocks by shifting conception month. This dynamic adjustment helps explain the observed decline in … on our analysis of historical changes in the temperature-fertility relationship, we conclude air conditioning could be …
Persistent link: https://www.econbiz.de/10011401767
We take a simple time-series approach to modeling and forecasting daily average temperature in U.S. cities, and we …, strong conditional variance dynamics, in daily average temperature, and it reveals sharp differences between the distribution … of temperature and the distribution of temperature surprises. As we argue, it also holds promise for producing the long …
Persistent link: https://www.econbiz.de/10010298284
To investigate the link between rising global temperature and global energy use, we estimate an energy demand model … that is driven by temperature changes, prices and income. The estimation is based on an unbalanced panel of 157 countries …-linearities in the impact of temperature on energy demand as well as temperature-income interactions. We find that oil, gas and …
Persistent link: https://www.econbiz.de/10010277982
Forecasting based pricing of Weather Derivatives (WDs) is a new approach in valuation of contingent claims on nontradable underlyings. Standard techniques are based on historical weather data. Forward-looking information such as meteorological forecasts or the implied market price of risk (MPR)...
Persistent link: https://www.econbiz.de/10010281602
This study considers the relationship between temperature and occupational health. The results indicate that both high …. While research on the effect of temperature on mortality finds substantial capacity for adaption with current technology …
Persistent link: https://www.econbiz.de/10012059546
production of corn crops during 2007-2017 in correlation with the multi-annual fluctuation of the average air temperature, as …
Persistent link: https://www.econbiz.de/10012112591
Products, Coal, Electricity) is expressed as a function of various factors, including temperature. Parameter values are … levels and sensitivity to temperature variations. These features make the model results especially valuable in the analysis …. Short- and long-run temperature elasticities of demand are estimated. …
Persistent link: https://www.econbiz.de/10010312351
industrial users in OECD and (a few) non-OECD countries. It turns out that temperature has a very different influence on the … negatively to temperature increases, while industrial demand is insensitive to temperature increases. As to the service sector …, only electricity demand displays a mildly significant negative elasticity to temperature changes. …
Persistent link: https://www.econbiz.de/10010312611