Weather Forecasting for Weather Derivatives

Stochastic Models for Pricing Weather Derivatives using Constant Risk Premium

‎Pricing weather derivatives is becoming increasingly useful‎, ‎especially in developing economies‎. ‎We describe a statistical model based approach for pricing  weather derivatives by modeling and forecasting daily average temperatures data which exhibits long-range dependence‎. ‎We pre-process the temperature data by filtering for seasonality and volatility an...

Long-range Weather Forecasting

Forecasting Space Weather

Forecasting space weather events presents the ultimate challenge to a space physics model. Not only should physical constraints be satisfied, but also practical issues such as timeliness, accuracy, and reliability must be adequately addressed. To address these needs, modern space weather forecasters and users rely on a great variety of space weather models, ranging from simple regressions and e...

Weather and Forecasting

This is a preliminary PDF of the author-produced manuscript that has been peer-reviewed and accepted for publication. Since it is being posted so soon after acceptance, it has not yet been copyedited, formatted, or processed by AMS Publications. This preliminary version of the manuscript may be downloaded, distributed, and cited, but please be aware that there will be visual differences and pos...

Short-Term Weather Forecasting