Since 2007, IMD's prediction for southwest monsoon has been fairly accurate, except for 2009.
"Ever since IMD has started adopting a new model of forecasting in 2007, the track record has not been particularly bad, except for 2009 when all predictions went horribly wrong," said Tanushree Majumdar, chief economist National Commodities and Derivatives Exchange of India, India's largest exchange for agricultural commodities.
The new model based on the ensemble technique of weather forecasting used eight new predictors, which helped in prediction of rainfall almost two months in advance.
Given the critical importance that southwest monsoon has not only on agriculture as more than half of the total arable land in the country does not have proper irrigation facilities, but also on the overall economic growth, it is imperative that IMD makes fairly accurate predictions.
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