Long range forecasts provide critical decision making information to Energy and Commodity traders worldwide. To meet this challenge, WeatherBug offers AER's mCast.
mCast is a monthly forecast product for the next three months providing extensive temperature and precipitation information in both tabular and map formats, making these forecasts easy to understand.
Based on over a decade of extensive atmospheric research, AER's monthly forecast products have been used by the financial services industry for over five years. Unlike other seasonal forecasts, the AER forecast offered by WeatherBug uses a unique initialization scheme that combines El Niño and warming trends, as well as, snow cover in remote parts of the world to predict overall global trends.
Over thirty years of extensive hind-casting has validated the accuracy of mCast forecasts. With correlation coefficients over .7, over 70% of the time mCast predicts not only the sign of the anomaly (+/-), but also the magnitude (how positive or negative) of the anomaly.