Consider the following statements regarding Standardised Precipitation Index (SPI):
1. The Standardised Precipitation Index (SPI) is a meteorological tool deployed by IMD for monitoring drought.
2. Positive values mean drought-like conditions, while negative values mean wetter conditions
Which of the above statements is/are correct?
1
Only 1
2
Only 2
3
Both 1 and 2
4
Neither 1 nor 2