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Article: AIR Worldwide Uses Proprietary Crop Yield Model to Win Commodity Trading Competition for Third Consecutive Year.
- Article from:
- Business Wire
- Article date:
- November 3, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON -- For the third year in a row, AIR Worldwide Corporation's agricultural risk group has won the FACTSim Futures and Options Trading Competition using the company's industry-leading crop yield model. AIR was presented with the award at the annual Southern Region Agricultural Outlook Conference in Atlanta, Georgia. The AIR crop yield model forms the basis of AIR's probabilistic crop loss model for insurers and reinsurers.
"Over the contest's three month time period we achieved returns in excess of 50 percent on grain futures and options contracts," said Dr. Gerhard Zuba, Senior Research Scientist at AIR Worldwide. "The crop yield forecasts provided by the ...