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    THE ECONOMIC UTILITY OF WEATHER FORECASTS

    Source: Monthly Weather Review:;1955:;volume( 083 ):;issue: 011::page 249
    Author:
    THOMPSON, J. C.
    ,
    BRIER, G. W.
    DOI: 10.1175/1520-0493(1955)083<0249:TEUOWF>2.0.CO;2
    Publisher: American Meteorological Society
    Abstract: The economic factors involved in the use of weather forecasts are discussed, and procedures for analyzing the economic utility of both probability and categorical forecasts are derived. Some of the considerations involved in making public forecasting decisions are presented, and expressions are suggested for assessing the economic utility of public forecasts. The relationships between these measures of economic usefulness and certain formulae frequently used to assess forecasting accuracy are also pointed out.
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      THE ECONOMIC UTILITY OF WEATHER FORECASTS

    URI
    http://yetl.yabesh.ir/yetl1/handle/yetl/4197086
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    • Monthly Weather Review

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    contributor authorTHOMPSON, J. C.
    contributor authorBRIER, G. W.
    date accessioned2017-06-09T15:55:35Z
    date available2017-06-09T15:55:35Z
    date copyright1955/11/01
    date issued1955
    identifier issn0027-0644
    identifier otherams-56819.pdf
    identifier urihttp://onlinelibrary.yabesh.ir/handle/yetl/4197086
    description abstractThe economic factors involved in the use of weather forecasts are discussed, and procedures for analyzing the economic utility of both probability and categorical forecasts are derived. Some of the considerations involved in making public forecasting decisions are presented, and expressions are suggested for assessing the economic utility of public forecasts. The relationships between these measures of economic usefulness and certain formulae frequently used to assess forecasting accuracy are also pointed out.
    publisherAmerican Meteorological Society
    titleTHE ECONOMIC UTILITY OF WEATHER FORECASTS
    typeJournal Paper
    journal volume83
    journal issue11
    journal titleMonthly Weather Review
    identifier doi10.1175/1520-0493(1955)083<0249:TEUOWF>2.0.CO;2
    journal fristpage249
    journal lastpage253
    treeMonthly Weather Review:;1955:;volume( 083 ):;issue: 011
    contenttypeFulltext
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