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Table 3 Santos–Qingdao grains.

From: Panamax markets behaviour: explaining volatility and expectations

R-squared

0.968770

Adjusted R-squared

0.968670

Static Forecast (Freight rate on 3/1/2020)

$33.13/tn

Static Forecast (Freight rate on 3/7/2020)

$30,30/tn

Actual freight rate on 3/1/2020

$32.5/tn

Actual freight rate on 3/7/2020

$30.35/tn