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Climate change heats up 'quants' v old school forecast battle

2014-06-11 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Computer scientists are picking a new fight with old school meteorologists, claiming finally to have cracked the code on weather forecasting at a pivotal, profitable moment for the field, as climate change roils commodities markets and industries. Banks and traders are reporting outsized profits, and losses, on everything from natural gas to grains as severe weather causes extra price volatility; power grid operators are struggling with bouts of extreme cold or droughts that crimp supplies while...

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