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So, it is quite different from forecasting, whose objective is to give the precise date of occurrence of a specified physical event.
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Have you included a reasonable contingency in your forecast in case sales or costs are significantly different from forecast?
Robert J. Thompson, professor of television at Syracuse University, said all the predictions about shrinking network news operations sounded no different from forecasts about the demise of network soap operas.
In particular, because transmission constraints are simplified when sizing and allocating reserves, reserves might not actually be deliverable to where renewable output is different from forecast.
"It was a difficult day as the weather was different from forecast and the wind was all over the place," he said, adding: "We must have done something right".
However, for the purpose of forecasting, it could be reduced via a "bootstrap" approach, provided that the time scales of the error growth is different from the forecast length.
That runs counter to the narrative that polls are closing in and is very different from other forecast models ― most notably the 71percentt probability she has in FiveThirtyEight's model.
These values are not significantly different from the FiveThirtyEight forecast.
Using scenarios is as different from relying on forecasts as judo is from boxing: you want to use outside forces to your competitive advantage and make them work for you so that two plus two equals five or even more.
In a January letter to all employees, CEO Jeroen van der Veer said, "By 2100, the world's energy system will be radically different from today's". He forecast that solar, wind, hydroelectricity, biofuels and nuclear energy will make up a large share of the energy mix.
They "split the difference" to arrive at an answer not very different from a single-line forecast.
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