Tornadoes and related damage costs: statistical modeling with a semi-Markov approach

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Corini, Chiara; D'Amico, Guglielmo; Petroni, Filippo; Prattico, Flavio; Manca, Raimondo;
  • Subject: Physics - Atmospheric and Oceanic Physics | Physics - Data Analysis, Statistics and Probability | Quantitative Finance - General Finance
    arxiv: Physics::Atmospheric and Oceanic Physics

We propose a statistical approach to tornadoes modeling for predicting and simulating occurrences of tornadoes and accumulated cost distributions over a time interval. This is achieved by modeling the tornadoes intensity, measured with the Fujita scale, as a stochastic ... View more
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