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The company reported quarterly results that beat diminished forecasts but trimmed expectations looking forward, citing a slowing economy and lower orders.
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And later that day, the Bank of England reduced its already diminished forecast for the British economy.
It is also noted that the relative forecast accuracy enhancement diminishes for forecast lead-times beyond 20 time steps (hours).
It should be noted that heteroscedasticity is a strong factor that diminishes the forecast capabilities of the model.
As noted from Figure 3, the 1, 3, 5, and 7 day forecasts appear to capture the global trends in observed census counts, however as expected, locally the accuracy of our census forecasts diminishes as a function of the length of forecasts.
At a time when everything is being cut, closed down, diminished and discontinued, the forecast for poetry is surprisingly fair.
Both are flawed.The reliability of demand forecasts diminishes the longer their horizon.
"We have diminished faith in Green Mountain's forecasting abilities following misses in two of the last four quarters," William Chappell at SunTrust Robinson Humphrey said in a note.
While I will be sending these people to these institutions or whatever, maybe not the same ones, my trust in their ability to analyze and figure it out and forecast is significantly diminished.
As forecast skill diminishes with increasing lead time, the monthly forecasts approach climatology.
I don't know if the economy has turned out better than forecast, but the adverse tail has diminished significantly.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com