Purpose – The purpose of this paper is to compare the ability of popular temperature models, namely, the models given by Alaton et al. , by Benth and Benth, by Campbell and Diebold and by Brody et al. , to forecast the prices of heating/cooling degree days (HDD/CDD) futures for New York,...

Purpose – The purpose of this paper is to compare the ability of popular temperature models, namely, the models given by Alaton et al., by Benth and Benth, by Campbell and Diebold and by Brody et al., to forecast the prices of heating/cooling degree days (HDD/CDD) futures for New York,...