Economic Value of Weather and Climate Forecasts

by Edited by Richard W. Katz , Allan H. Murphy

• ISBN13: 9780521435710
• ISBN10: 0521435714
• Format: Paperback
• Copyright: 2005-09-08
• Publisher: Cambridge University Press

Summary

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.

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.