Repetitive decision making and the value of forecasts in the cost-loss ratio situation: A dynamic model

Murphy, A. H., Katz, R. W., Winkler, R. L., & Hsu, W. R. (1985). Repetitive decision making and the value of forecasts in the cost-loss ratio situation: A dynamic model. Monthly Weather Review, 113, 801-813. doi:10.1175/1520-0493(1985)113<0801:RDMATV>2.0.CO;2

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