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In time series analysis, a fan chart is a chart that joins a simple line chart for observed past data, by showing ranges for possible values of future data together with a line showing a central estimate or most likely value for the future outcomes. As predictions become increasingly uncertain the further into the future one goes, these ...
The weather risk market makes it possible to manage the financial impact of weather through risk transfer instruments based on a defined weather element, such as temperature, rain, snow, wind, etc. Weather risk management is a way for organizations to limit their financial exposure to disruptive weather events.
An economic analysis of climate change uses economic tools and models to calculate the magnitude and distribution of damages caused by climate change. It can also give guidance for the best policies for mitigation and adaptation to climate change from an economic perspective.
Also actiniform. Describing a collection of low-lying, radially structured clouds with distinct shapes (resembling leaves or wheels in satellite imagery), and typically organized in extensive mesoscale fields over marine environments. They are closely related to and sometimes considered a variant of stratocumulus clouds. actinometer A scientific instrument used to measure the heating power of ...
Surface weather prognostic charts for mariners indicate the positions of high and low pressure areas, as well as frontal zones, up to five days into the future. Surface wind direction and speed is also forecast on this type of chart. Wave prognostic charts show the expected sea state at some future time. [2]
Market tightness is a measure of the liquidity of a market. [1] High market tightness indicates relatively low liquidity and high transaction costs, whereas low market tightness indicates high liquidity and low transaction costs. [2]
A fan chart is made of a group of dispersion fan diagrams, which may be positioned according to two categorising dimensions. A dispersion fan diagram is a circular diagram which reports the same information about a dispersion as a box plot : namely median , quartiles , and two extreme values.
It is considered unlikely to recover even if the temperature is returned to a lower level, making it an example of a climate tipping point. This would result in rapid cooling, with implications for economic sectors, agriculture industry, water resources and energy management in Western Europe and the East Coast of the United States. [79]