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The advocates can be further divided into those eager to learn more about the 'index' and proposing ideas for further analysis (testing of weather index insurance); and those who trust the current indices and advocate scaling up and promotion.
Although the current indices consider households within a 20 to 25 km radius from a weather station (Osgood et al. 2007), these indices do not often work in mountainous or heterogeneous farming systems where local variability in weather conditions is high (Gommes and Gobel 2013).
They further argue that since the current indices are far from representing the situation on the ground and are affected by basis risk, an insurance product (e.g. area-yield index contract) based on proper sampling of individual farm yields is far more realistic.
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The current index, for example, is based on consumer behavior in 1993-95.
A bill before the State Legislature would establish such a system to replace the current index.
Missing rows may be prototype rows which do not match the current index.
Based on the current index, he said, the prospective five-year earnings growth rate would be 14.8percentt.
The current index assumes that if the price of apples go up, people will just buy fewer apples.
Because it rises more slowly than the current index, the White House estimates that the move would cut the budget deficit by $230 billion over the next 10 years.
When the price of Porterhouse steak increases, the current index considers that a consumer can switch to a cheaper cut, as explained in an AARP paper.
The proposed changes would link benefits to a new measure of inflation — one that is projected to rise more slowly than the current index.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com