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• A comprehensive measure of model predictability signature is developed. • A list of satellite, reanalysis and ground-based precipitation products is assessed. • BATEA excels MCMC for indirect measurements of precipitation in general. • Model predictability signature has potential on merging precipitation estimates. Quantifying and reducing the errors and uncertainties in high-resolution gridded precipitation products are essential for hydrological modelling to generate realistic parameter estimates and accurate model predictions. Formal Bayesian inference provides a powerful tool to quantify rainfall uncertainty and other uncertainty factors in hydrological modelling. An efficient way to reduce rainfall uncertainty in hydrological modelling is to merge precipitation estimates from multiple sources prior to their real-world applications. However, it remains a challenging task to optimally determine the weightings of different precipitation estimates based on the predictive ability of a hydrological model, especially from a probabilistic perspective. This study addresses this issue by evaluating and merging six gridded precipitation products using formal Bayesian inference schemes, including the Markov Chain Monte Carlo (MCMC) approach and Bayesian total error analysis (BATEA). MCMC describes the total predictive uncertainty using residual error models. In contrast, BATEA utilizes the storm depth multiplier approach to separately account for rainfall uncertainty in probabilistic uncertainty quantification. A novel signature of model predictability that combines the reliability and precision of probabilistic model predictions is developed to quantify the predictive ability of a hydrological model from precipitation estimates. Using the proposed predictability signature, we examined the benefit of optimally merging multi-source precipitation estimates in improving the accuracy of hydrologic simulations by applying the method to the Danjiangkou Reservoir region (DRR) between 1998 and 2007. The analysis demonstrates that (1) BATEA, compared to MCMC, can provide more realistic estimates of model parameters and tighter predictive intervals of daily streamflow when using rain gauge observations as well as gridded precipitation products; and (2) the proposed predictability signature is efficient for optimally merging precipitation measurements as it can produce tighter uncertainty bands and better streamflow simulations than individual precipitation estimates. This study provides insights into improved quantification and reduction of uncertainty in multi-source precipitation products for hydrological modelling. [ABSTRACT FROM AUTHOR]

• A comprehensive measure of model predictability signature is developed. • A list of satellite, reanalysis and ground-based precipitation products is assessed. • BATEA excels MCMC for indirect measurements of precipitation in general. • Model predictability signature has potential on merging precipitation estimates. Quantifying and reducing the errors and uncertainties in high-resolution gridded precipitation products are essential for hydrological modelling to generate realistic parameter estimates and accurate model predictions. Formal Bayesian inference provides a powerful tool to quantify rainfall uncertainty and other uncertainty factors in hydrological modelling. An efficient way to reduce rainfall uncertainty in hydrological modelling is to merge precipitation estimates from multiple sources prior to their real-world applications. However, it remains a challenging task to optimally determine the weightings of different precipitation estimates based on the predictive ability of a hydrological model, especially from a probabilistic perspective. This study addresses this issue by evaluating and merging six gridded precipitation products using formal Bayesian inference schemes, including the Markov Chain Monte Carlo (MCMC) approach and Bayesian total error analysis (BATEA). MCMC describes the total predictive uncertainty using residual error models. In contrast, BATEA utilizes the storm depth multiplier approach to separately account for rainfall uncertainty in probabilistic uncertainty quantification. A novel signature of model predictability that combines the reliability and precision of probabilistic model predictions is developed to quantify the predictive ability of a hydrological model from precipitation estimates. Using the proposed predictability signature, we examined the benefit of optimally merging multi-source precipitation estimates in improving the accuracy of hydrologic simulations by applying the method to the Danjiangkou Reservoir region (DRR) between 1998 and 2007. The analysis demonstrates that (1) BATEA, compared to MCMC, can provide more realistic estimates of model parameters and tighter predictive intervals of daily streamflow when using rain gauge observations as well as gridded precipitation products; and (2) the proposed predictability signature is efficient for optimally merging precipitation measurements as it can produce tighter uncertainty bands and better streamflow simulations than individual precipitation estimates. This study provides insights into improved quantification and reduction of uncertainty in multi-source precipitation products for hydrological modelling. [ABSTRACT FROM AUTHOR]