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Owing to the stochastic nature of the process, the forecasting accuracy of the target wind farm changes with the varying situations.
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Proposed models differ in terms of both the dynamics of the conditional volatility process and the forecasting capabilities compared to a family of GARCH models.
The transfer function is used to post-process the forecast.
In order to verify whether the aerosol impact grows with time and meaningfully affects the cyclogenetic processes, the forecasts initialized between the 20th and the 28th are extended up to 10 days.
The interplay of all these processes makes the forecast of changes in ecosystem services a daunting task.
Obviously the theory that a forecaster applies is of critical importance to the forecasting process; it dictates his line of investigation, the statistics he will regard as most important, and many of the techniques he will apply.
"The underlying process [of forecasting] is the same, but the communication is different depending on the audience", says Rachel Carrell, CEO of DrThom, a small business of around 20 employees.
We shall also increase the transparency of the forecasting process.
But even if the base case does not materialize, the forecasting process deepens manager's understanding.
Traditionally, these features of the final output of forecasting also influence the forecasting process.
Among the keys to improving the forecasts, King said, will be bringing the forecasting process into the 21st century.
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