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Non-stochastic long-term prediction model for US tornado level

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  • Lev Eppelbaum

Abstract

Last year, natural catastrophes caused US$ 160 bn in overall losses and US$ 65 bn in insured losses worldwide (according to Munich Re Group 2013 ). In the United States alone, Hurricane Sandy affected more than twenty states and caused severe damage and deadly flooding in the states of New York, New Jersey, and Connecticut. The tristate area suffered a mass loss of homes. These natural disasters underscore the importance of predictive modeling of catastrophic weather events. This article analyzes the trends and predictions of one type of catastrophic weather event—the USA tornado level (EF3–EF5). We created a model that predicts tornado level function as a function of frequencies from the Moon’s spectrum. Results from the predictive model were highly correlated with the historical data. Results were also compared to and exceeded those generated by a prior model developed by Isakov, Mezrin, and Suprun (presentation at the Global Derivatives Trading and Risk Management USA, 2011 ). This model suggests that tornadoes and periodicities of tornadoes are associated with the Sun–Earth–Moon gravitational/magnetic system. Copyright Springer Science+Business Media Dordrecht 2013

Suggested Citation

  • Lev Eppelbaum, 2013. "Non-stochastic long-term prediction model for US tornado level," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 69(3), pages 2269-2278, December.
  • Handle: RePEc:spr:nathaz:v:69:y:2013:i:3:p:2269-2278
    DOI: 10.1007/s11069-013-0787-7
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    References listed on IDEAS

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    1. Geman, Helyette & Yor, Marc, 1997. "Stochastic time changes in catastrophe option pricing," Insurance: Mathematics and Economics, Elsevier, vol. 21(3), pages 185-193, December.
    2. Victor Vaugirard, 2003. "Valuing catastrophe bonds by Monte Carlo simulations," Applied Mathematical Finance, Taylor & Francis Journals, vol. 10(1), pages 75-90.
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    Cited by:

    1. Guoqiang Shen & Seong Hwang, 2015. "A spatial risk analysis of tornado-induced human injuries and fatalities in the USA," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 77(2), pages 1223-1242, June.

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