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Tuesday, Dec 13
2011, 4:26 PM
Trading firms that spend a tidy sum for the wisdom of meteorological forecasts to help them...
Trading firms that spend a tidy sum for the wisdom of meteorological forecasts to help them trade commodities might be interested (or alarmed) to know that two well-known hurricane forecasters have given up making seasonal forecasts in December. After crunching the numbers over years of forecasts, the two experts realized their analysis had no predictive value. "Our early December Atlantic basin seasonal hurricane forecasts of the last 20 years have not shown real-time forecast skill."