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Oil prices, Japan's tsunami and nuclear disaster and the risk that Greece might default on debt have led investors to reduce forecasts for growth in the United States this year.
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An interesting question is: which common trends are helpful to reduce forecast error?
Data from the shoebox-sized satellites, exploiting a technique for probing the atmosphere, could significantly reduce forecast errors.
Interestingly, a recent study shows that high-resolution global models reduce forecast error in TC intensity and tracking forecasts (Nakano et al. 2017).
Using a consensus of forecast models, as well as ensemble members of the various models, can help reduce forecast error.
The shares fell as the company reduced forecasts.
Before it reduced forecasts in mid-November, the company expected gross margins of 57 to 61percentt.
The results were below the lower end of analysts' reduced forecasts of 32 cents to 55 cents a share.
Sears also said second-quarter profit dropped as much as 42percentt, within analysts' reduced forecasts, after it cut prices on seasonal clothing.
The maker of Internet-commerce software Ariba Inc. promoted its chief financial officer, Robert Calderoni, to chief executive and said its fiscal fourth-quarter sales beat reduced forecasts.
Analysts had reduced forecasts from about 4percentt after the company, which owns Lord & Taylor, Hecht's and other chains, posted disappointing results for the final week of May.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com