Some analysts believe that gas could hit an all-time high of $2 a gallon this summer, though forecasting oil prices is as much soothsaying as science.
Though forecasting future demand is an essential part of business planning and operation, most major forecasting methods are applied only to regular consuming items, showing gradual sales trend caused by seasonal cycles.
Though forecasting a predictive distribution of Bayes factors has been suggested [ 61], the implicit penalization of model complexity could have adverse consequences.
Neither Bafumi nor Abramowitz's model, though, forecast what analyst Charlie Cook suggests will happen, namely that Democrats won't win back the House if they win the national House vote by 5pt.
Though forecast, the rain provided one element whose impact could not have been factored so closely into the minute-by-minute choreography of pomp and circumstance in which the royal household excels — the outfits and the pearls, the queenly hats, the guards' shining breastplates, the prancing stallions, the soaring choruses of "God Save the Queen".
Inevitably, though, forecasts that far ahead come with significant qualifications.
Oracle, which is posting earnings on Thursday, is officially expected to report a profit of 16 cents per share, though forecasts extend as high as 20 cents per share and whisper numbers are even higher.
Upon becoming a tropical storm, the low-level circulation had become better defined, though forecasts predicted the wind shear would increase, preventing significant strengthening of the storm.
Because convection was being sheared away from the center, the National Hurricane Center noted the possibility of Ernesto weakening back to a tropical depression, though forecasts indicated otherwise.
Before the early 1900s, though, most forecasts were done by direct observations at weather stations, which were then relayed to forecast centers via telegraph.
India, though, is forecast to grow faster than China at a rate of 7.5% for the next couple of years.
