The modelling of wind speed is a traditional topic in meteorological research, where the main interest is on the short-term forecast of wind speed intensity and direction. More recently, this theme has received some interest in the quantitative finance literature for its relationship with...

The use of wind as an energy source is becoming popular because of its non-polluting and renewable features. There is an urgent request to develop site-based estimation on wind engineering, which can be used for optimal design of wind turbines and wind farming. The wind speed for Zafarana...