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The economic benefits in terms of Total Cost of Ownership (TCO) are based on forecasts for the major TCO-influencing parameters up to 2030: electric driving distances, energy (fuel, electricity, hydrogen) prices, batteries and fuel cell costs.
Based on their balance-sheets at the end of 2013, the banks will be tested to see how they cope in 2014-16 with both a baseline scenario based on forecasts for those three years and an adverse scenario, which specifies gloomier economic and financial conditions.
Based on forecasts for this year, we expect a strong holiday shopping season.
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The recursive updating process is based on forecasting for the economies and the regions by exogenously shocking the baseline model with projections of selected macroeconomic variables (World Bank for GDP and population; ILO for skilled and unskilled labor and IMF for capital).
The demand for nursing professionals was based on forecasts of the growth rates for hospital and long-term nursing cases calculated by this project.
Actions based on forecasts have real, often costly, consequences for those who trust in science.
At the end of March, the average "forward-looking" p/e of American firms (as tracked by IBES, a research firm) was 21, based on forecast profits for the coming year.
Arvid Wang's dissertation was based on forecasting the presidential election outcome for 2008.
Sometimes, authorities have accurately predicted when debris flows will occur, based on forecast rainfall rates, and have called for evacuations of homes before the rivers of mud and debris begin flowing.
When models are designed for prediction, model selection should be based on forecast accuracy.
Objective: We estimated heat mortality associations based on forecast and observed weather data in Detroit, Michigan, and compared the accuracy of forecast products for predicting heat waves.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com