Social and Behavioral Sciences Commons^™

Modeling Weather Vulnerability Dynamically: Applications Of Multiple Linear Regression To Weather Index Microinsurance, Sophie Wu

Undergraduate Student Research Internships Conference

This paper offers a broad overview of the philanthropic goals of microinsurance — namely, to provide vulnerable populations with more self-sufficient and sustainable methods of coping with risk — and through this lens, analyses the applications of multiple linear regression in developing dynamic models for microinsurance. We explain the foundations of MLR (multiple linear regression), and then give two examples for how a simple multiple linear regression model can be adapted with a novel outcome variable (famine) and dependent variables (climate change related costs). Overall, a better understanding of MLR can lend to a better understanding of how microinsurance can …