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Power Distribution And Probabilistic Forecasting Of Economic Loss And Fatalities Due To Hurricanes, Earthquakes, Tornadoes, And Floods In The United States, Scott Edward Baker
Power Distribution And Probabilistic Forecasting Of Economic Loss And Fatalities Due To Hurricanes, Earthquakes, Tornadoes, And Floods In The United States, Scott Edward Baker
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Traditionally, the size of natural disaster events such as hurricanes, earthquakes, tornadoes, and floods is measured in terms of wind speed (m/sec), energy released (ergs), or discharge (m3/sec). Economic loss and fatalities from natural disasters result from the intersection of the human infrastructure and population with the natural event. This study investigates the size versus cumulative number distribution of individual natural disaster events in the United States. Economic losses are adjusted for inflation to 2014 United States Dollars (USD). The cumulative number divided by the time over which the data ranges is the basis for making probabilistic forecasts in terms …