Dr. George S. Young WxRx Option

 What: Using Weather and Climate observations and forecasts to help users make optimal decisions  How: Combines Meteorology, Statistics, and Computer Science to monetize our Weather and Climate knowledge  Why: Wx + Quant skills = fun + money

 EVERYTHING!  Forecasting Numerical weather prediction models Model ensembles Statistical post processing Artificial intelligence / machine learning  Understanding Risk assessment Planning Mitigation

 EVERYTHING!  Applied math and statistics Numerical weather prediction models Statistical post processing Artificial intelligence / machine learning  Finance Quantitative decision making Insurance / re-insurance Weather derivatives Commodity trading

 Commodities (energy, agriculture) Forecasting Trading  Insurance / re-insurance Risk modeling Model user support Client education  Planning Weather AND climate risk

 Meteo is valuable only to the extent that users can make better decisions using our input  Even big institutional users need hand- holding on the meteorology and statistics  Combine both and your market expands! Monsanto just bought Climate Corporation (a WxRx startup) for a cool $1 Billion! They kicked in another $200 Million for the employees – someone values WxRxers

 The Department offers a WxRx Option for the Meteo degree  If you’re part quant and part weather fan, you can see how its done at: ploneprod.met.psu.edu – look under undgrad and then options  Want to learn even more? First take the steps outlined above Then, contact Dr. George Young, 620 Walker