Economic Value of Weather and Climate Forecasts
Economic Value of Weather and Climate Forecasts
Looking for an examination copy?
If you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact collegesales@cambridge.org providing details of the course you are teaching.
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 to weather prediction. The contributors 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 behaviour. 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 reference for economists, statisticians, and meteorologists.
- First unified treatment of this subject in book-length form
- Multidisciplinary contributors including economics, psychology, statistics
- Multidisciplinary interest: not just meteorology but also economics and management, risk analysis, operations research, statistics
Reviews & endorsements
"...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
Product details
- Published: January 2011
- Format: Adobe eBook Reader
- ISBN: 9780511882463
- Length: 0 pages
- Weight: 0kg
- Contains: 24 b/w illus. 28 tables
- Availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
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.
- Show more
