From email from the Colorado State University Water Center and the Colorado Water Institute (Zachary Hittle):
The CSU Water Center and the Colorado Water Institute are pleased to announce the March / April 2010 issue of our Colorado Water newsletter…
In their 2008 paper in the journal Science, Milly and his colleagues proclaimed, “Stationarity Is Dead” and went on to ponder, “Whither Water Management?” Their thesis was that climate change undermines a basic assumption that historically has facilitated management of water supplies, demands, and risks.
Most statistical forecasting methods are based on the assumption that a series can be rendered approximately stationary through the use of mathematical transformations. A stationarized series is relatively easy to forecast: you simply predict that statistical properties will be the same in the future as they have been in the past.