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Table 11 Average earnings c. 2010.

From: Panamax markets behaviour: explaining volatility and expectations

R-squared

0.976114

Adjusted R-squared

0.976099

Static Forecast (earnings on 3/1/2020)

$12.304/day

Static Forecast (earnings on 10/1/2020)

$7.376/day

Static Forecast (earnings on 3/7/2020)

$12.650/day

Actual earnings on 3/1/2020

$7.276/day

Actual earnings on 10/1/2020

$6.728/day

Actual earnings on 3/7/2020

$12.854/day