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Exact(1)
The type and targets of interventions depend on the forecast probability, available resources, and the timing of the events or available lead time.
Similar(59)
The reason is that the loadings on the different predictors should differ depending on the forecast horizon and iterating the one-period ahead model is likely to put too much weight on good short-term predictors.
Irish banking losses are estimated at up to 80 billion euros ($109 billion), depending on the forecast used, or 50 percent of the economy.
Such optimization depends on the forecast accuracy of wind power and market structure.
The application of the methodology to a village of 600 households reveals cost savings ranging between 2% and 7% depending on the forecast quality and the composition of the microgrid.
Depending on the forecast, adjustments can be made to affected parts of fields, including changes to irrigation systems to drain off excess water, or decisions such as holding off on applying fertilizer or pesticides.
Private-sector companies practice this sort of strategic inventory management by holding a certain amount of stock depending on the forecast and lead time associated with each product or component pieces, enabling the companies to fill orders quickly.
(2) The results may vary significantly across the simulation experiments using different simulated datasets and across the different time series within a specific experiment depending on the forecasting method.
A dynamical sequence results, represented on both temporal and spatial scales, whose time depths depend on the time-forecasting horizon.
Much will depend on the economic forecasts at the time and how much today's growth stimulus has had any tangible impact.
Furthermore, there is always a trade-off between the rates of false alarms and failures to predict so that the best scalar value may depend on the goal of the forecast (Molchan 1990).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com