Understanding and Modelling Weather Derivatives in Australia for the Purpose of their Accurate Pricing: a Statistical and Econometric Investigation

澳大利亚遭受着全球最恶劣和极端的天气。它的政府和工业，特别是农业和电力，将受益于对天气衍生品的更好理解和准确定价的能力。根据澳大利亚的天气情况，天气衍生品将成为管理当地风险因素的工具，并通过对冲竞争对手的良好天气相关优势来提高全球竞争力。美国天气衍生品市场的资本超过75亿美元，仅在7年前开始;澳大利亚没有有组织的市场。该项目提高定价准确性的智能技术将支持当地市场的发展和蓬勃发展。

Australia suffers some of the most adverse and extreme weather globally. Its government and industries, especially agriculture and electricity, stand to benefit from improved understanding of weather derivatives and capability to price them accurately. Tailored to Australian weather scenarios, weather derivatives will be tools to manage local risk factors, and increase global competitiveness by hedging against competitors' good weather-related advantage. The US weather derivative market, capitalised at over US$7.5b, began just 7 years ago; there is no organised Australian market. This project's smart techniques for improving pricing accuracy will support the development and vigorous growth of a local market.