However, in some applications such as aggregate production planning, these measures are not suitable because they are not capable for considering any effects caused by forecasting error such as increasing cost or decreasing profit.
Considering a forecast that called for two hours of rain, then clearing, the Yankees held back Pettitte to pitch five uninterrupted innings after the expected shower.
This algorithm resolves the drawback by considering all forecast factors with high-dimensional data.
In this experiment, I consider a forecast time span T i of 3 months, an overall time period of 10 years, and M F =4.0.
However, considering the forecast for rapid growth, its use of potentially toxic substances and manufacturing processes presenting health and safety problems may jeopardize its benefits.
Considering the forecast is calling for rain, this may prove to be a very profitable day for the company aiming to disrupt car services.
But considering the forecast, and realizing that it would take forever to walk the rest of this route, I decided to keep my trusty iron steed.
He has predicted that spending would rise to $332 million this year, but said he was considering lowering that forecast slightly, as growth seems to be slower than expected.
Open image in new window Fig. 3 Probability density of multi-state wind output considering forecast error.
But the market research firm is considering revising that forecast downward due to lack of growth drivers.
Further research should evaluate the performance of the MIBA model with respect to promising alternative approaches for nowcasting GDP (e.g. mixed-frequency factor models with targeted predictors), and consider forecast combinations and density forecasts.
