Economic Value of Weather and Climate Forecasts

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Overview

Weather and climate extremes can significantly impact the economics of a region. This book examines how weather and climate forecasts can be used to mitigate the impact of the weather on the economy. Chapters encompass forecasts over a wide range of temporal scales, from weather over the next few hours to the climate months or seasons ahead, and address the impact of these forecasts on human behavior. This book seeks to determine the economic benefits of existing weather forecasting systems and the incremental benefits of improving these systems, and will be an essential text for economists, statisticians, and meteorologists.
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Editorial Reviews

From the Publisher
"...this book has a strong, quantitative flavor oriented to statistical approaches and methods for verifying forecasts and for optimal forecast evaluation procedures. For those specializing in forecast evaluations with an economic decision-oriented flavor, this book will be very useful." Stanley A. Changnon, Bulletin of the American Meteorological Society

"...this book contains a lot of highly useful, basic information and concepts, especially on forecast quality assessments, and points out ways to translate these assessments into 'value' concepts." Elmar R. Reiter, Meteorology & Atmosphere Physics

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Product Details

  • ISBN-13: 9780521435710
  • Publisher: Cambridge University Press
  • Publication date: 6/28/2005
  • Edition description: New Edition
  • Pages: 240
  • Product dimensions: 5.98 (w) x 8.98 (h) x 0.55 (d)

Table of Contents

Preface
Contributors
1 Weather prediction 1
2 Forecast verification 19
3 The value of weather information 75
4 Forecast value: prescriptive decision studies 109
5 Forecast value: descriptive decision studies 147
6 Forecast value: prototype decision-making models 183
Index 219
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