TeachMeFinance.com - explain Palmer Drought Index
Palmer Drought Index The term 'Palmer Drought Index ' as it applies to the area of agriculture can be defined as ' A measure of the severity of prolonged periods (months or years) of abnormal dryness or wetness over large regions, published periodically by the Joint Agricultural Weather Facility. The Palmer Index has long been used by the agriculture community to anticipate the potential effects of weather on crop development and yield'.
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