1. A method for evaluating accuracy of a weather forecasting entity, the method comprising: obtaining a weather forecast for the entity for a given geographic region and for a given forecast time period, the forecast comprising a set of one or more forecast data elements; converting the set of forecast data elements to a set of one or more numerical values; obtaining a set of one or more actual weather condition data elements for the given geographic region and for a given forecast time period; converting the set of actual weather condition data elements to a set of one or more numerical values; comparing the set of actual weather condition numerical values with the set of forecast numerical values; and computing a forecast accuracy score based on the comparison of the set of actual weather condition numerical values and the set of forecast numerical values.