Books  Environmental Science  Climate & Climate Change 

Economic Value of Weather and Climate Forecasts

Edited By: Richard W Katz and Allan H Murphy

222 pages, 24 figs, 28 tabs

Cambridge University Press

Hardback | Aug 1997 | #82798 | ISBN: 0521434203
Availability: Usually dispatched within 6 days Details
NHBS Price: £103.00 $133/€113 approx

About this book

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.

...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


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.

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