This paper is based on several lines of research, including:- Finding the most relevant weather variables to explain changes in sales, operating costs, or profits using daily weather observations;- Providing a weather-sensitivity ranking by sector and weather variable;- Modelling the relationship...

Purpose Retailers have long been aware that weather affects the sales of a myriad of products, but until now, most were not in a position to manage the risks weather presents. Rising weather variability combined with advances in weather-index financial instruments have prompted new interest in...