Weather forecast accuracy crucial in heat wave
Improvement pays off
Weather forecasts have gotten quite good over the years, but their temperatures aren't always spot on – and the result when they underplay extremes can be lethal. Derek Lemoine, associate professor of economics, and Laura Bakkensen, associate professor of economics and policy – both from the University of Arizona in the US – as well as Jeffrey Shrader, assistant professor of international and public affairs at the Columbia University, unpack the issue.
Even a 1-degree difference in a forecast’s accuracy can be the difference between life and death, our research shows.As economists, we have studied how people use forecasts to ma...
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