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A gripping history of the pioneers who sought to use science to predict financial markets The period leading up to the Great Depression witnessed the rise of the economic forecasters, pioneers who sought to use the tools of science to predict the future, with the aim of profiting from their forecasts. This book chronicles the lives and careers of the men who defined this first wave of economic fortune tellers, men such as Roger Babson, Irving Fisher, John Moody, C. J. Bullock, and Warren Persons. They competed to sell their distinctive methods of prediction to investors and businesses, and thrived in the boom years that followed World War I. Yet, almost to a man, they failed to predict the devastating crash of 1929. Walter Friedman paints vivid portraits of entrepreneurs who shared a belief that the rational world of numbers and reason could tame--or at least foresee--the irrational gyrations of the market. Despite their failures, this first generation of economic forecasters helped to make the prediction of economic trends a central economic activity, and shed light on the mechanics of financial markets by providing a range of statistics and information about individual firms. They also raised questions that are still relevant today. What is science and what is merely guesswork in forecasting? What motivates people to buy forecasts? Does the act of forecasting set in motion unforeseen events that can counteract the forecast made? Masterful and compelling, Fortune Tellers highlights the risk and uncertainty that are inherent to capitalism itself.
This memoir follows the sixty-year meteorology career of Robert M. Atlas. As a young child, Robert M. Atlas would often look up at the sky, observe the clouds, and ask his parents questions about the weather. That early interest sparked a career in meteorology that took place during a period of rapid development in the field. Weather Forecaster to Research Scientist follows his decades-long career and his innovative research, which led to improvements in the understanding and prediction of extreme weather. Atlas's journey begins with his start as an apprentice forecaster for the US Weather Bureau during a time when satellite meteorology and operational numerical weather prediction were just in their infancy. Weather Forecaster to Research Scientist also traces his experiences as an operational forecaster in the US Air Force, discusses his pioneering work on ocean surface winds using satellites, and describes his leadership of scientific organizations within NASA and NOAA as well as his experiences teaching at several universities. An engaging account of a distinguished career, this book will appeal to students, educators, weather forecasters, scientists, and weather enthusiasts alike.
George J. McCormack, (1887-1974) had a life-long interest in astrology and the weather. Inspired by the astrometeorological work of A.J. Pearce (1840-1923), McCormack meticulously tracked and recorded the weather, from before World War I, until his death more than half a century later. In 1947, after 23 years of research, he published his "key" to long-range weather forecasting, being this book. Confident of his ability, in the spring of 1947 McCormack predicted one of the most severe winters in decades, specifically forecasting the infamous snows of December 26, 1947. He was nationally famous overnight. The techniques he used are in this amazing book. With study, they will become yours. The weather bureau predicts the weather, day by day, by careful observation of current conditions. You can learn to predict based on underlying celestial factors, which can be known months, even years, in advance. In 1963, before the US Weather Bureau, and again in 1964, before the American Meteorological Society, McCormack presented his life's work. Both groups ignored him, to our great loss. Use this book, make a better choice.
This book provides readers with a broad understanding of the fundamental principles driving atmospheric flow over complex terrain and provides historical context for recent developments and future direction for researchers and forecasters. The topics in this book are expanded from those presented at the Mountain Weather Workshop, which took place in Whistler, British Columbia, Canada, August 5-8, 2008. The inspiration for the workshop came from the American Meteorological Society (AMS) Mountain Meteorology Committee and was designed to bridge the gap between the research and forecasting communities by providing a forum for extended discussion and joint education. For academic researchers, this book provides some insight into issues important to the forecasting community. For the forecasting community, this book provides training on fundamentals of atmospheric processes over mountainous regions, which are notoriously difficult to predict. The book also helps to provide a better understanding of current research and forecast challenges, including the latest contributions and advancements to the field. The book begins with an overview of mountain weather and forecasting chal- lenges specific to complex terrain, followed by chapters that focus on diurnal mountain/valley flows that develop under calm conditions and dynamically-driven winds under strong forcing. The focus then shifts to other phenomena specific to mountain regions: Alpine foehn, boundary layer and air quality issues, orographic precipitation processes, and microphysics parameterizations. Having covered the major physical processes, the book shifts to observation and modelling techniques used in mountain regions, including model configuration and parameterizations such as turbulence, and model applications in operational forecasting. The book concludes with a discussion of the current state of research and forecasting in complex terrain, including a vision of how to bridge the gap in the future.
Introduction: crisis of certainty -- Cotton guesses -- The daily "probabilities"--Weather prophecies -- Economies of the future -- Promises of love and money -- Epilogue: specters of uncertainty
Tornadoes, nature's most violent and unpredictable storms, descend from the clouds nearly one thousand times yearly and have claimed eighteen thousand American lives since 1880. However, the U.S. Weather Bureau--fearing public panic and believing tornadoes were too fleeting for meteorologists to predict--forbade the use of the word "tornado" in forecasts until 1938. Scanning the Skies traces the history of today's tornado warning system, a unique program that integrates federal, state, and local governments, privately controlled broadcast media, and individuals. Bradford examines the ways in which the tornado warning system has grown from meager beginnings into a program that protects millions of Americans each year. Although no tornado forecasting program existed before WWII, the needs of the military prompted the development of a severe weather warning system in tornado prone areas. Bradford traces the post-war creation of the Air Force centralized tornado forecasting program and its civilian counterpart at the Weather Bureau. Improvements in communication, especially the increasing popularity of television, allowed the Bureau to expand its warning system further. This book highlights the modern tornado watch system and explains how advancements during the latter half of the twentieth-century--such as computerized data collection and processing systems, Doppler radar, state-of-the-art television weather centers, and an extensive public education program--have resulted in the drastic reduction of tornado fatalities.
* Reading clouds, wind patterns, snow conditions, and other clues, pre-trip and on the mountain * Strategies for safety and survival in adverse weather conditions * Regional mountain weather phenomena to watch for across the U.S. Working as a broadcast meteorologist, author Jeff Renner hears all too frequent reports about weather-related hiking, climbing, and skiing accidents. He'll teach you how to avoid becoming a statistic: all it takes is a little basic weather knowledge, pre-trip planning, and vigilance on the mountain. Renner discusses the best information sources to guide you, clues to watch for in the field, and how to analyze it all, with particular emphasis on potential threats due to thunderstorms, mountain winds, snow, and avalanche hazards. If you do get caught under stormy skies, he'll tell you how to limit your exposure. The book is filled with tip lists and concrete examples. Renner also includes chapters on weather patterns region by region across the U.S., highlighted by reference maps. The book is in the Mountaineers Outdoor Basics series.
The fashion business has been collecting and analyzing information about colors, fabrics, silhouettes, and styles since the 18th century - activities that have long been shrouded in mystery. The Fashion Forecasters is the first book to reveal the hidden history of color and trend forecasting and to explore its relevance to the fashion business of the past two centuries. It sheds light on trend forecasting in the industrial era, the profession's maturation during the modernist moment of the 20th century, and its continued importance in today's digital fast-fashion culture. Based on in-depth archival research and oral history interviews, The Fashion Forecasters examines the entrepreneurs, service companies, and consultants that have worked behind the scenes to connect designers and retailers to emerging fashion trends in Europe, North America, and Asia. Here you will read about the trend studios, color experts, and international trade fairs that formalized the prediction process in the modern era, and hear the voices of leading contemporary practitioners at international forecasting companies such as the Doneger Group in New York and WGSN in London. Probing the inner workings of the global fashion system, The Fashion Forecasters blends history, biography, and ethnography into a highly readable cultural narrative.