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The overcharges were based on incorrect forecasts of gas usage and costs between Aug. 31, 1999, and Aug. 31, 2000.
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An accurate track forecast is important, because if the track forecast is incorrect, forecasts for intensity, rainfall, storm surge, and tornado threat will also be incorrect.
10. George Will, a veteran with a long history of incorrect forecasts, predicted a romp for Romney, whom he had previously discounted as an implausible candidate.
Of course, my forecast for the future may be wrong but if there is one group of people who best understand incorrect forecasts, it's the CFA-holding portfolio managers of the world.
North Korean leader Kim Jong-un has criticised the official weather service for providing "incorrect" forecasts, in a rare public dressing down of a government body in country which suffers regular natural disasters.
In fact, misaligned incentives are often the cause of excess inventory, stock-outs, incorrect forecasts, inadequate sales efforts, and even poor customer service.
Indeed, misaligned incentives are often the cause of excess inventory, stock-outs, incorrect forecasts, inadequate sales efforts, and even poor customer service.
What about the incorrect forecasts?
OCR said: "This is at least partly due to the introduction of an extra grade (A*), which increased the probability of an incorrect forecast".
But I tend to make excuses for my own incorrect forecast in early 2007 that the troop "surge" would fail.
Many big zinc mines are old and ore grades are declining, but forecasts of mine closures have proved incorrect so far.Tin has a better claim as copper's equal.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com