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Published byClifton Harris Modified over 9 years ago
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Dr. George S. Young WxRx Option
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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
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EVERYTHING! Forecasting Numerical weather prediction models Model ensembles Statistical post processing Artificial intelligence / machine learning Understanding Risk assessment Planning Mitigation
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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
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Commodities (energy, agriculture) Forecasting Trading Insurance / re-insurance Risk modeling Model user support Client education Planning Weather AND climate risk
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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
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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
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