When your query is one of a kind
The majority of our work is bespoke, so your weather related challenge does not need to fit in any of the listed categories for Lake Street to be able to help.
Here are a few examples of other weather challenges we can help with:
- Combining historical weather data, forecast information and weather trends to calculate the likelihood of rainfall (more than x mm of rain on any one day) in a given week for a given location.
- Arranging weather ‘insurance’ through buying weather derivatives which, for example, pay out £x each time there is less than y hours of sunshine (of a given strength) per day, during a given month.
Restaurants on the Continent make use of weather derivatives, to cover lost income when it’s so hot that customers stay home.
Farmers in New Zealand buy weather derivatives through a co-operative to cover loss of income if it’s frosty during lambing season.
- Identifying which weather patterns cause positive or negative extremes for your business, investigating their predictive power then analysing forecasts to get a heads up when extremes are likely. The first steps of this process are detailed in this article
If you have a bespoke weather query, get in touch to find out how Lake Street can use their extensive expertise to work out the optimal solution.Get in touch