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Two decades later, financial and economic forecasting has advanced technologically.
The field of forecasting has advanced significantly in recent years.
Barometers are now curiosities, as satellite-based forecasting has taken over.
"Forecasting has been wildly unreliable," said Jeff Blake, vice chairman of Sony Pictures Entertainment.
Historically, the field of earthquake forecasting has seen some particularly outlandish claims.
Electricity consumption forecasting has been always playing a vital role in power system management and planning.
However, multiple-step ahead traffic forecasting has not attracted its deserved attention.
However, traditional forecasting has been performed only for extremely large areas, such as nations and regions.
Flood forecasting has long been a major topic of hydrologic research.
While forecasting has improved, Mr. Jarraud said there was a worrisome gap between developed countries and developing ones.
Flood forecasting has been recognized as one of the most important and reliable ways for flood management.
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