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The company said it had to discount more Valentine's Day merchandise than expected, had more returns than anticipated and found a budgeting error.
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When you have very little money, there's no leeway for budgeting errors.
David M. Herszenhorn (NYT) NEW HAVEN: BUDGET ERROR REMOVED -- Gov. John G. Rowland's budget office has acknowledged a potentially costly mistake and has rewritten legislation that could have cost New Haven nearly $30 million in state financing.
Despite simplifying assumptions that the isotopic composition of precipitation (δP), groundwater inflow, and atmospheric moisture (δA) were constant, groundwater inflow was within the water-budget error for 12 of the 19 semiannual calculation periods.
David Cameron's frank assessment of the budget errors came as fresh reports emerged of policy disputes on the eve of the budget that reflect poorly on chancellor George Osborne's judgment.
Sue Norrington-Davies, managing director of Discover New England, a regional tourism organization, called the $1 budget "an error of judgment".
In order to evaluate the assimilation results, in addition to monitoring the water budget closure errors, in situ groundwater measurements over the Mississippi River Basin in the US and the Murray-Darling Basin in Australia are used.
Dynamic Error Budgeting (DEB) method has been used to analyze the contributing factors to the positioning error, and sensor broadband noise is determined to be the major contributor.
Theoretical error budgeting and analytical models were applied to a mechanical design with an isolated metrology frame and high-resolution actuation with feedback.
By incorporating control relevant requirements in the mechanical and electrical design, which is supported by a dynamic error budgeting analysis, the implementation of a high bandwidth feedback loop is enabled.
The error budget resulting from this example closely resembles the error budget obtained by another study conducted for the same process model and forest stand using a fractional factorial design.
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CEO of Professional Science Editing for Scientists @ prosciediting.com