Tesfaye Kebede
Department of Mathematics, Bahir Dar University, Bahir Dar, Ethiopia.
[ 1 ] - Markov Chain Analogue Year Daily Rainfall Model and Pricing of Rainfall Derivatives
In this study we model the daily rainfall occurrence using Markov Chain Analogue Yearmodel (MCAYM) and the intensity or amount of daily rainfall using three different probability distributions; gamma, exponential and mixed exponential distributions. Combining the occurrence and intensity model we obtain Markov Chain Analogue Year gamma model (MCAYGM), Markov Chain Analogue Year exponentia...
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