Sentence examples for value of the forecasts from inspiring English sources

A better quantification of uncertainties should provide better decisions, which often translate into optimal use and economic value of the forecasts.

Each error component can be afforded a separate weighting such that a cost or value of the forecast can be calculated that accounts for different error types.

The "net benefit" value of the forecast can be quantified by determining the added financial value of these better informed decisions (Mason, [1966]).

The scaled deviation of a ij can be denoted by (eta_{ij} = (bar{a}_{ij} - hat{a}_{ij} )/bar{a}_{ij}) or (eta_{ij} = (bar{a}_{ij} + hat{a}_{ij} )/bar{a}_{ij}), which is defined as the relative value of the forecast error and the realization of the uncertainty.

The value of the forecast depends on the accuracy - taking into consideration the type of vaccine, the presentation (vial size), the quantity and the timing of delivery of the vaccine.

The MAPE values of the forecasts generated by the various models for the validation dataset are shown in Table 2.

The mean values of the forecast range without program implementation (left) are compared to the lower forecast variants (right) with the program deployment.

The error analysis of sub-models, the mixed model and urgency value of the price forecasting of watermelon in 4 markets are list in Table 2.

Since the demand for electricity is highly inelastic, the demand curve is assumed to be a vertical line at the value of the load forecast.

Furthermore, the value of the risk forecast is easily translated into a decision-making framework by applying the US Environmental Protection Agency (USEPA -defined [16] inflection point of 1 (or 100% in percentage terms) to determine whether a specific NM poses a hazard to hUSEPA -defined

Various skill scores can be determined to measure the value of the rainfall forecast.