National Weather Service weather thresholds (e.g. conditions change from visual meteorological conditions to instrument meteorological conditions). The basic weather elements observed are: sky condition, visibility, present weather, obstructions to vision, pressure, temperature, dew point, wind direction and speed, precipitation accumulation, and selected significant remarks. The coded observations are issued as METARs and look similar to this: Getting more information on the atmosphere, more frequently, and from more locations is the key to improving forecasts and warnings. Due to the large installation and operating costs associated with ASOS, the stations are widely spaced. Therefore, the Cooperative Observer Program (COOP), a network of approximately 11,000
Weather risk management "Accounting for weather derivatives" provides guidance on accounting for weather derivatives that are not exchange–traded. Entities that enter into speculatives or trading non–exchange derivatives contracts should apply the intrinsic method. Weather risk management Weather risk management is a type of risk management done by organizations to address potential financial losses caused by unusual weather. Energy, agriculture, transportation, construction, municipalities, school districts, travel, food processors, retail sales and real estate are all examples of industries whose operations and profits can be significantly affected by the weather. For example, unusually mild winters diminish consumer demand for heating and erode the profit margins