Sentence examples for use of forecasts from inspiring English sources

A vital part of IFCs corrective function is the use of forecasts.

The use of forecasts for EV and market prices is included, as well as a market settlement scheme that includes a penalty term for reserve shortage.

Therefore, in this work, we present a new probabilistic dynamic method that sizes control reserves for the single hours of the following day making use of forecasts of the power feed-in of wind and photovoltaic.

This paper examines the critical factors for the effective adoption and use of forecasting support systems (FSS) in product forecasting.

For each treatment, managers are queried about their use of forecasting characteristics, yielding a sample of 118 firms.

Use of forecast models can help determine the magnitude and pattern of the rainfall expected.

A number of studies incorporated the probability of risk of seasonal forecasts as covariates in their analysis [ 31, 36] and only few studies demonstrated the potential use of forecasting in the development of climate-driven models [ 33, 38, 44].

As opposed to the direct use of deterministic forecasts, the probabilistic forecast identifies a predictive probability density function that represents a fundamental knowledge on future occurrences.

Stochastic or "ensemble-based" forecasting is used to account for this uncertainty through the use of multiple forecasts created with an individual forecast model.

The two most widely used methods of forecasting are the Box-Jenkins autoregressive integrated moving average (ARIMA) and econometric models.

According to Lee and Sidle (2010), decline curve analysis is the most widely used method of forecasting production from shale gas wells.