Valuing Weather Forecasts. Rodney F. Weiher NOAA Chief Economist International Workshop American Meteorological Society January 2005 San Diego, California. Overview of Presentation. Why weather forecasts have value and how you can estimate value.
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Valuing Weather Forecasts
Rodney F. Weiher
NOAA Chief Economist
American Meteorological Society
San Diego, California
(1) when dangerous weather threatens life and property
(2) in everyday planning (e.g., outdoor activities, take a raincoat)
(3) in normal economic activities that have some degree of weather dependence.
Economic Consequences of ENSO Events for Agriculture.” Climate Research 13: 165-172, 1999.