Many companies from energy utilities to tourism, from retail to leisure have an intuitive understanding that their business is affected by the weather. Most, however, can not pinpoint the exact weather conditions that have the greatest affect or how much in monetary terms it costs them. Speedwell Weather Derivatives Limited will produce an in depth report that provides your company with the information that it needs to better understand its business. The analysis will then examine exactly when in the year this impact is most damaging. For a pub chain with a number of outdoor sites this might be the summer months, or for a ski-clothing manufacturer the months of October to January.
Some businesses show a relationship to weather on specific days in the week or on public holidays.
Further study may show that of these days that are correlated to weather certain days are critical to the success of the business and that a small number of days are responsible for a high percentage of earnings. The report will quantify how much a change in the weather costs your company. This information, backed up with statistical evidence, is crucial to understanding the dynamics of your weather affected business. We offer a service for those who wish to commission an initial report on a proportion of their business to begin with, this then is deductible from the cost of a full analysis.