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If the track record of recent forecasts is any guide, even those estimates may be too optimistic.
The oil and gas bulletin published by John Swinney, Scotland's finance minister, reveals that revenues are expected to plummet to well under a quarter of recent forecasts, falling to as low as £2.4bn in total over the next four years.
However, a series of recent forecasts and data releases has proved otherwise.
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The results are broadly representative of recent forecasting performance using random forests[15].
Some of these recent forecasts predicting the number of cellular-based M2M devices worldwide are shown in Fig. 1.
The findings of more recent forecasts are analysed and presented here, e.g. [9, 17, 20, 22, 32, 35].
This forecast consists of an ensemble of 76 members, showing future changes relative to recent (forecast) conditions.
British Columbia Canada's westernmost province has had stellar snowfall in the last couple of weeks, and recent forecasts project more.
Because the disruptions in the media plans of advertisers have been fewer than expected, Ms. Fine said, she is putting off any revision of her most recent forecasts for 2003, which were made last month.
Reference [14] studies the numerical characteristics of the "recent forecasting errors" to predict the error of the next moment.
He was even willing to revise his recent forecasts of an important consolidation among phone equipment suppliers.
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