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per a day). Therefore, it is suggested that a combination of both MW and VIS/IR satellite observations can result in more accurate estimations (Joyce et al., 2004). Currently, a variety of precipitation satellite data sets or products exist, amongst which that of the Tropical Rainfall Measuring Mission (TRMM) has found notable success towards improving the forecast of extreme events (Figure 1.1a). This data set is a joint mission between the National Aeronautics and Space Administration (NASA) and the Japan Aerospace Exploration Agency (JAXA) that advances the understanding of tropical rainfalls over the ocean by providing three‐dimensional images. The mission was launched in 1997 and terminated in 2015, and the project was continued in 2014 by NASA's Goddard Space Flight Center and JAXA as Global Precipitation Measurement (GPM), with a new calibration standard for the rest of the satellite constellation and a core observatory that possessed a Dual‐frequency Precipitation Radar (DPR) and a GPM Microwave Imager (GMI) (Hou et al., 2014). Other satellite precipitation data sets include the Climate Predicting Center (CPC) Morphing Technique (CMORPH; Joyce et al., 2004), CPC Merged Analysis of Precipitation (CMAP; Xie & Arkin, 1997), TRMM Multisatellite Precipitation Analysis (TMPA; Huffman et al., 2007), Special Sensor Microwave Imager (SSM/I; Ferraro, 1997), Global Precipitation Climatology Project (GPCP; Adler et al., 2003), Precipitation Estimation from Remotely Sensed Information using Artificial Neural Networks (PERSIANN; Figure 1.2; Ashouri et al., 2015; Hsu et al., 1997; S. Sorooshian et al., 2000), and the new GPM mission known as the Integrated MultisatellitE Retrievals for GPM (IMERG; Figure 1.1b; Huffman et al., 2015).

      One of the major challenges associated with satellite precipitation data is measurement or inference uncertainty due to the presence of uncorrected biases (A. Sorooshian et al., 2008). Studies have shown that although TMPA can be used to produce reliable results when driving hydrological models for monthly streamflow simulation, it does not perform well at the daily timescale (Meng et al., 2014). Since precipitation is a key variable in hydrology, the problem with uncertainty is further aggravated if it is left untreated in drought monitoring and hydrological modeling. As a result, several post‐processing techniques have been developed for bias correction (Khajehei et al., 2018; Madadgar & Moradkhani, 2014). For further information regarding the validation process against ground‐based measurements, interested reader is referred to AghaKouchak et al. (2012), Lu et al. (2018), Mateus et al. (2016), Nasrollahi et al. (2013), Y. Tian et al. (2009), and Xu et al. (2017). Another limitation of satellite precipitation data is associated with their short length of record. Drought analysis requires at least a minimum of 30 years of data (Mckee et al., 1993). Therefore, the near‐real‐time satellite precipitation products such as GPCP with nearly 19 years of recorded data cannot single‐handedly be used to develop drought‐monitoring systems. To remedy this shortcoming, near‐real‐time satellite data are combined with the long‐term GPCP to produce the required timespan for drought calculation (AghaKouchak & Nakhjiri, 2012). In their study, AghaKouchak and Nakhjiri (2012) used a merged product of GPCP (1979–2009) and PERSIANN (2010 to the present) in a Bayesian data‐merging framework to produce a near‐real‐time meteorological drought monitoring system using SPI.

      1.2.2. Soil Moisture

      Agricultural drought is a result of precipitation deficit plus accumulated evapotranspiration over a prolonged period of time that eventually leads to extended periods of low soil moisture that affect crop yields and livestock production (Cunha et al., 2015). Agricultural drought disrupts the chain of supply and demand of agricultural products and contributes to socioeconomic drought (Wilhite & Glantz, 1985). Soil moisture is a key component of agricultural drought and defines the readily available water that plants can access from the soil through their root system. Soil moisture regulates the water and energy exchange between the land surface and the atmosphere. It also influences the partitioning of nonintercepted precipitation into surface runoff and infiltrations and influences the partitioning of net radiation into sensible, latent, and ground heat fluxes that are essential climate variables (WMO, 2006). Soil moisture condition directly reflects ecosystem functionality and agricultural productivity, therefore an agricultural drought influences the economy at local to global scales (IPCC, 2007; Ryu et al., 2014).

Schematic illustration of the near real-time drought monitoring and prediction system by the Global Integrated Drought Monitoring and Prediction System.

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