This paper studies the pricing and hedging of continuously sampled arithmetic average rate options. We derive a new analytical approximate formula for pricing and hedging the arithmetic average rate ...

Precipitation estimates from radar systems are a crucial component of many hydrometeorological applications, from flash flood forecasting to regional water budget studies. For analyses on large ...

As reservoir levels dwindle in the arid southwestern United States, scientists have developed a method to estimate summer rainfall in the region months in advance. Such seasonal predictions can help ...