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  1. Home
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  3. Economic Value of Weather and Climate Forecasts
  • Cited by 127
Publisher:
Cambridge University Press
Online publication date:
October 2009
Print publication year:
1997
Online ISBN:
9780511608278
DOI:
https://doi.org/10.1017/CBO9780511608278
Subjects:
Atmospheric Science and Meteorology, Economics, Earth and Environmental Sciences, Natural Resource and Environmental Economics
Information

Book description

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.

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

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