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"The combination of the manufacturing and nonmanufacturing indices indicates that economic growth is broad based and strong," said Joel L. Naroff, head of a forecasting firm in Holland, Pa.
Mr Sinn also overhauled one of Germany's six publicly funded economic institutes, Munich's ifo, by turning it into less of a forecasting outfit and more of a think-tank.
There are many criteria to evaluate the performances of a forecasting method.
Accordingly, this study adopts the Taguchi method to calibrate the controllable factors of a forecasting model.
The model can also be applied in solar radiation forecasting with the help of a forecasting meteorological model.
In fact, another way to measure the quality of a forecasting system is to calculate the correlation between forecasts and observations.
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Belmont canceled its Friday card because of a forecast for heavy rain.
The Mets said the doubleheader was not scheduled for Wednesday was because of a forecast of continued bad weather early in the day.
THREE GAMES POSTPONED The Minnesota Twins' series opener in Chicago against the White Sox was postponed because of a forecast of cold, windy weather.
Intel rose 65 cents, to $27.50, ahead of a forecast for its chip sales and other products expected today.
This test measures the consistency of a forecast distribution with the observed one.
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