Thursday, April 26, 2007

whether the weather

I came across this piece of news and found it very cool.

The company that owns the
Weather Channel has a product to predict what the weather forecast is going to be! Sort of forecasting the forecast. They say they're right about 70% of the time and know the biases of the weather forecasters. For example, European weathermen underestimate temperatures in Western American in spring and autumn.

And they charge $90,000 for a year's subcription! All this so when the weather forecasts play havoc with commodity prices as traders bet on how much gas will be needed for heating, their customers can have an edge.

You can read more at if you have a subscription.

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