A Stochastic Weather Model for Drought Derivatives in Arid Regions: A Case Study in Qatar
In this paper, we propose a stochastic weather model consisting of temperature, humidity, and precipitation, which is used to calculate a reconnaissance drought index (<i>RDI</i>) in Qatar. The temperature and humidity models include stochastic differential equations and utilize an adjus...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2023-03-01
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| Series: | Mathematics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7390/11/7/1628 |