{"id":253354,"date":"2026-08-11T15:26:44","date_gmt":"2026-08-11T19:26:44","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?post_type=glossary-terms&#038;p=253354"},"modified":"2026-08-18T10:46:13","modified_gmt":"2026-08-18T14:46:13","slug":"numerical-weather-prediction","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/numerical-weather-prediction\/","title":{"rendered":"Numerical Weather Prediction"},"content":{"rendered":"\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/ndcdyn.interactivebrokers.com\/mkt\/?src=glossGenAcc&amp;url=%2FUniversal%2FApplication\" target=\"_blank\" rel=\"noreferrer noopener\">Open Account<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Numerical weather prediction is the practice of forecasting the atmosphere by solving the governing physical equations forward in time from an estimate of the current state. Because the computations are expensive, global models are typically run only a few times per day, which means new observations can accumulate faster than the models can incorporate them. That gap between model run frequency and the arrival of information is one structural reason a continuously updating market price can differ from, and at short lead times potentially improve on, the most recent model output.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/prediction-market\/fair-value-weather-climate-monday-august-3-2026\/\">Fair Value Weather &amp; Climate \u2014 Monday, August 3, 2026<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-climate-energy\/daily-high-temperature-markets-at-forecastex\/\">Daily High Temperature Markets at ForecastEx<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-climate-energy\/fair-value-weather-climate-thursday-july-30-2026\/\">Fair Value Weather &amp; Climate \u2014 Thursday, July 30, 2026<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-climate-energy\/prediction-markets-might-already-be-the-best-source-for-todays-weather-forecast\/\">Prediction markets might already be the best source for today\u2019s weather forecast.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-climate-energy\/the-value-of-climate-prediction-markets\/\">The Value of Climate Prediction Markets<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Numerical weather prediction is the practice of forecasting the atmosphere by solving the governing physical equations forward in time from an estimate of the current state. Because the computations are expensive, global models are typically run only a few times per day, which means new observations can accumulate faster than the models can incorporate them. That gap between model run frequency and the arrival of information is one structural reason a continuously updating market price can differ from, and at short lead times potentially improve on, the most recent model output.<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13267,13251],"class_list":["post-253354","glossary-terms","type-glossary-terms","status-publish","traders-glossary-trading-terms-n","traders-glossary-trading-alphabet"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"The practice of forecasting the atmosphere by solving the governing physical equations forward 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