CORNTEMP: Corn and Temperature Data

In Rsafd: Statistical Analysis of Financial Data in R

Description

Monthly price of corn in Iowa and temperature data in Des Moines to illustrate the dependence of the two via regression, and justify the use of temperature options to hedge commodity price risk. These data are used in a problem at the end of Chapter 4 of the textbook.

Usage

data(CORNTEMP)

Format

A data frame with 468 observations on the following 3 variables.

MCorn

Monthly price of a bushel of corn in Iowa

MDMHDD

Monthly average of the number of heating degree days in Des Moines as measured at the meteorological station of the airport.

MDMCDD

Monthly average of the number of heating degree days in Des Moines as measured at the meteorological station of the airport.

Details

MCorn MDMHDD MDMCDD 175 0.90 43.5781250 0.0000000 176 0.88 46.1551724 0.0000000 177 0.90 42.5161290 0.0000000 178 0.96 14.0000000 0.9666667 179 1.00 4.6129032 1.3387097 180 1.03 0.4833333 4.2500000

Source

R. A. Carmona: Statistical Analysis of Financial Data in S-Plus, (2004) Springer Verlag

References

R. A. Carmona: Statistical Analysis of Financial Data in S-Plus, (2004) Springer Verlag, Chapter 4

Examples

data(CORNTEMP)

Rsafd documentation built on May 2, 2019, 5:20 p.m.