Economic Value of Weather and Climate Forecasts

by Richard W. Katz (Editor), Allan H. Murphy (Editor)

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. Interdisciplinary in scope, it explores the meteorological, economic, psychological, and statistical aspects of weather prediction. Chapters by area specialists provide a comprehensive view of this timely topic. They 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. Economic Value of Weather and Climate Forecasts seeks to determine the economic benefits of existing weather forecasting systems and the incremental benefits of improving these systems, and will be an interesting and essential text for economists, statisticians, and meteorologists.

Product Details

ISBN-13:	9780521434201
Publisher:	Cambridge University Press
Publication date:	06/13/1997
Pages:	240
Product dimensions:	6.26(w) x 9.29(h) x 0.91(d)

Table of Contents

Preface; 1. Weather prediction Joseph J. Tribbia; 2. Forecast verification Allan H. Murphy; 3. The value of weather information Stanley R. Johnson and Matthew T. Holt; 4. Forecast value: prescriptive decision studies Daniel S. Wilks; 5. Forecast value: descriptive decision studies Thomas R. Stewart; 6. Forecast value: prototype decision-making models Richard W. Katz and Allan H. Murphy; Index.

Editorial Reviews

"...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

From the Publisher