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The classic Kalman filter implementation uses the measurements up to the time of forecast to update the initial conditions of the numerical model, with the updating effect limited to a prediction horizon when the improved initial conditions are washed out.
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FedEx, based in Memphis, said those factors would also affect its full-year forecast, to be updated when the company reports third-quarter numbers on March 17.
In addition, an online bias correction algorithm based on the lagged average bias was implemented to detect and correct for systematic bias in model forecasts prior to updating with the particle filter.
As the needs of different departments differ due to planning requirements for differing time horizons, the need to update forecasts also differs.
Models such as those presented here could be used to forecast risks such as death or specific clinical events, and to update those forecasts as additional information accumulates.
So we'll continue to update our forecast and Election Lab and write more about it here.
We expect to update this forecast with additional data about the candidates once the primaries are over, and with polling data as well.
"Taking all these factors together there was some expectation that, when the committee came to update its forecast, the outlook for activity in the housing market would be slightly less strong than it had previously thought.
If we were to update the forecast on January 31st, obviously we would have predicted a higher seismicity rate.
The Dell Computer Corporation, the No. 1 PC vendor, is expected to update its forecasts Thursday.
"If we wanted to, we'd be able to update our forecasts from our rooms," he says.
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