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Table 1 Kamsar–San ciprian bauxite.

From: Panamax markets behaviour: explaining volatility and expectations

R-squared

0.885040

Adjusted R-squared

0.884291

Static Forecast (Freight rate on 03/01/2020)

$10.29/tn

Static Forecast (Freight rate on 03/07/2020)

$9.43/tn

Actual freight rate on 03/01/2020

$10/tn

Actual freight rate on 03/07/2020

$9.25/tn