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Jan Seibert, Franziska Clerc-Schwarzenbach, and Ilja van Meerveld published a commentary entitled "Getting your money's worth: Testing the value of data for hydrological model calibration" in Hydrological Processes. It describes a model-based approach to assess the value of data.
Graphical abstract of the commentary, © University of Zurich, Information Technology, MELS/SIVIC, Mathias Bader
Find the commentaryhere.