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Another difficulty is the need for a forecast to include a timeframe in order to be accurate.
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The research firm adjusted its earnings forecasts to include an unexpected 2004 one-time tax benefit of about 4 cents per share (skewed towards the second quarter) and for the ongoing costs associated with the EU agreement, about 3 cents per share during 2004 4 cents during 2005.
Financial forecasts failed to include a social forecast of what might happen if existing operating models failed to produce enough revenue.
The move closely followed a substantial expansion of the National Weather Service's medium-range forecasts to include average conditions 8 to 14 days in the future.
The Bank's forecasts are expected to include an unprecedented downgrade of the prospects for the British economy.
The forecasting processes include a cluster analysis to classify traffic patterns, a relational analysis to identify influential factors, and a decision tree to establish classification criteria.
The IMF stressed that risks to its forecast abounded, including a spike in oil and commodity prices, Mideast and North African political unrest, and debt problems in Europe.
Forecasts from Source and the existing tools are compared to observations over 7-day forecast periods that include an environmental water release.
Including some potential value from Terminal 5, our revised forecasts include a 15.8% compound annual growth rate in earnings before interest and tax from 2006-2009," it added.
In [12], a short-term joint probability density function (JPDF) forecast approach was proposed to include the temporal correlation of forecast errors into the distribution forecast results.
The preliminary forecast includes a charge of $15 million to $20 million to forfeit land deposits and write down the value of assets it no longer can develop for a profit.
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CEO of Professional Science Editing for Scientists @ prosciediting.com