WorldWideScience

Sample records for forecasting future realized

  1. The Role of Implied Volatility in Forecasting Future Realized Volatility and Jumps in Foreign Exchange, Stock and Bond Markets

    DEFF Research Database (Denmark)

    Christensen, Bent Jesper

    , and to the separate forecasting of the realized components. We also introduce a new vector HAR (VecHAR) model for the resulting simultaneous system, controlling for possible endogeneity issues in the forecasting equations. We show that implied volatility contains incremental information about future volatility......We study the forecasting of future realized volatility in the stock, bond, and foreign exchange markets, as well as the continuous sample path and jump components of this, from variables in the information set, including implied volatility backed out from option prices. Recent nonparametric...... statistical techniques are used to separate realized volatility into its continuous and jump components, thus enhancing forecasting performance as shown by Andersen et al. (2005). We generalize the heterogeneous autoregressive (HAR) model to include implied volatility as an additional regressor...

  2. The Role of Implied Volatility in Forecasting Future Realized Volatility and Jumps in Foreign Exchange, Stock and Bond Markets

    DEFF Research Database (Denmark)

    Christensen, Bent Jesper

    We study the forecasting of future realized volatility in the stock, bond, and foreign exchange markets, as well as the continuous sample path and jump components of this, from variables in the information set, including implied volatility backed out from option prices. Recent nonparametric...... statistical techniques are used to separate realized volatility into its continuous and jump components, thus enhancing forecasting performance as shown by Andersen et al. (2005). We generalize the heterogeneous autoregressive (HAR) model to include implied volatility as an additional regressor...

  3. Modelling and Forecasting Multivariate Realized Volatility

    DEFF Research Database (Denmark)

    Halbleib, Roxana; Voev, Valeri

    2011-01-01

    This paper proposes a methodology for dynamic modelling and forecasting of realized covariance matrices based on fractionally integrated processes. The approach allows for flexible dependence patterns and automatically guarantees positive definiteness of the forecast. We provide an empirical appl...

  4. Modelling and Forecasting Multivariate Realized Volatility

    DEFF Research Database (Denmark)

    Chiriac, Roxana; Voev, Valeri

    This paper proposes a methodology for modelling time series of realized covariance matrices in order to forecast multivariate risks. The approach allows for flexible dynamic dependence patterns and guarantees positive definiteness of the resulting forecasts without imposing parameter restrictions....... We provide an empirical application of the model, in which we show by means of stochastic dominance tests that the returns from an optimal portfolio based on the model's forecasts second-order dominate returns of portfolios optimized on the basis of traditional MGARCH models. This result implies...

  5. Forecasting stock market volatility: Do realized skewness and kurtosis help?

    Science.gov (United States)

    Mei, Dexiang; Liu, Jing; Ma, Feng; Chen, Wang

    2017-09-01

    In this study, we investigate the predictability of the realized skewness (RSK) and realized kurtosis (RKU) to stock market volatility, that has not been addressed in the existing studies. Out-of-sample results show that RSK, which can significantly improve forecast accuracy in mid- and long-term, is more powerful than RKU in forecasting volatility. Whereas these variables are useless in short-term forecasting. Furthermore, we employ the realized kernel (RK) for the robustness analysis and the conclusions are consistent with the RV measures. Our results are of great importance for portfolio allocation and financial risk management.

  6. Modelling and Forecasting Multivariate Realized Volatility

    DEFF Research Database (Denmark)

    Chiriac, Roxana; Voev, Valeri

    . We provide an empirical application of the model, in which we show by means of stochastic dominance tests that the returns from an optimal portfolio based on the model's forecasts second-order dominate returns of portfolios optimized on the basis of traditional MGARCH models. This result implies...

  7. Estimation and Forecasting of Large Realized Covariance Matrices and Portfolio Choice

    DEFF Research Database (Denmark)

    Callot, Laurent; Kock, Anders Bredahl; Medeiros, Marcelo C.

    In this paper we consider modeling and forecasting of large realized covariance matrices by penalized vector autoregressive models. We propose using Lasso-type estimators to reduce the dimensionality to a manageable one and provide strong theoretical performance guarantees on the forecast...... capability of our procedure. To be precise, we show that we can forecast future realized covariance matrices almost as precisely as if we had known the true driving dynamics of these in advance. We next investigate the sources of these driving dynamics for the realized covariance matrices of the 30 Dow Jones...... stocks and find that these dynamics are not stable as the data is aggregated from the daily to the weekly and monthly frequency. The theoretical performance guarantees on our forecasts are illustrated on the Dow Jones index. In particular, we can beat our benchmark by a wide margin at the longer forecast...

  8. Forecasting the Educational Future.

    Science.gov (United States)

    Burdin, Joel L., Comp.; And Others

    This collection of essays on futurism is intended to open avenues for exploration, raise pertinent issues, and direct attention to new considerations. In "The Future: Implications for the Preparation of Educational Personnel," Dean C. Corrigan focuses on conditions that seem pertinent to development in future education and comments about two areas…

  9. Forecasting the future of biodiversity

    DEFF Research Database (Denmark)

    Fitzpatrick, M. C.; Sanders, Nate; Ferrier, Simon

    2011-01-01

    , but their application to forecasting climate change impacts on biodiversity has been limited. Here we compare forecasts of changes in patterns of ant biodiversity in North America derived from ensembles of single-species models to those from a multi-species modeling approach, Generalized Dissimilarity Modeling (GDM...... climate change impacts on biodiversity....

  10. Future Studies and Forecasting in Logistics

    OpenAIRE

    Heikkinen, Susanna

    2012-01-01

    This research study analyses the relation between strategy and forecasting. In more concrete terms, it analyses if current logistics research provides sufficient and valid data to be meaningfully implemented on strategy development. The relationship of strategy and forecasting is evaluated in case study of Nurminen Logistics Oyj. The main research question is, what is the competitive advantage in the future for logistics companies in Finland and what kind of future research would be usef...

  11. Adjusting Futures Forecasts of Federal Reserve Policy

    DEFF Research Database (Denmark)

    Chun, Albert Lee; Chun, Olfa Maalaoui

    expectations, we show that the predictable component of excess returns can not be attributed to risk premia in the fed funds futures market. We argue that the documented biases in futures forecasts of monetary policy, which were previously characterized as risk premia (Piazzesi and Swanson, 2008), are driven...

  12. Modeling and forecasting petroleum futures volatility

    Energy Technology Data Exchange (ETDEWEB)

    Sadorsky, Perry [York Univ., Schulich School of Business, Toronto, ON (Canada)

    2006-07-15

    Forecasts of oil price volatility are important inputs into macroeconometric models, financial market risk assessment calculations like value at risk, and option pricing formulas for futures contracts. This paper uses several different univariate and multivariate statistical models to estimate forecasts of daily volatility in petroleum futures price returns. The out-of-sample forecasts are evaluated using forecast accuracy tests and market timing tests. The TGARCH model fits well for heating oil and natural gas volatility and the GARCH model fits well for crude oil and unleaded gasoline volatility. Simple moving average models seem to fit well in some cases provided the correct order is chosen. Despite the increased complexity, models like state space, vector autoregression and bivariate GARCH do not perform as well as the single equation GARCH model. Most models out perform a random walk and there is evidence of market timing. Parametric and non-parametric value at risk measures are calculated and compared. Non-parametric models outperform the parametric models in terms of number of exceedences in backtests. These results are useful for anyone needing forecasts of petroleum futures volatility. (author)

  13. Forecasting Multivariate Volatility using the VARFIMA Model on Realized Covariance Cholesky Factors

    DEFF Research Database (Denmark)

    Halbleib, Roxana; Voev, Valeri

    2011-01-01

    This paper analyzes the forecast accuracy of the multivariate realized volatility model introduced by Chiriac and Voev (2010), subject to different degrees of model parametrization and economic evaluation criteria. Bymodelling the Cholesky factors of the covariancematrices, the model generates...... positive definite, but biased covariance forecasts. In this paper, we provide empirical evidence that parsimonious versions of the model generate the best covariance forecasts in the absence of bias correction. Moreover, we show by means of stochastic dominance tests that any risk averse investor...

  14. Optimal Updating of Forecasts for the Timing of Future Events

    OpenAIRE

    Robert A. Shumsky

    1998-01-01

    A major problem in forecasting is estimating the time of some future event. Traditionally, forecasts are designed to minimize an error cost function that is evaluated once, possibly when the event occurs and forecast accuracy can be determined. However, in many applications forecast error costs accumulate over time, and the forecasts themselves may be updated with information that is collected as the expected time of the event approaches. This paper examines one such application, in which flo...

  15. Forecasting Multivariate Volatility using the VARFIMA Model on Realized Covariance Cholesky Factors

    DEFF Research Database (Denmark)

    Halbleib, Roxana; Voev, Valeri

    2011-01-01

    This paper analyzes the forecast accuracy of the multivariate realized volatility model introduced by Chiriac and Voev (2010), subject to different degrees of model parametrization and economic evaluation criteria. Bymodelling the Cholesky factors of the covariancematrices, the model generates...... positive definite, but biased covariance forecasts. In this paper, we provide empirical evidence that parsimonious versions of the model generate the best covariance forecasts in the absence of bias correction. Moreover, we show by means of stochastic dominance tests that any risk averse investor......, regardless of the type of utility function or return distribution, would be better-off from using this model than from using some standard approaches....

  16. Investigate Volatility Jumps in Chinese Stock Index Future and Spot Markets Based on Realized Volatility

    Institute of Scientific and Technical Information of China (English)

    Zhang qiang

    2014-01-01

    This paper aims to investigate Chinese stock index future and spot market's volatility jumps characteristics by using recentlydeveloped jumpstest(Barndorff-Nielsenand Shephard,2004).Thedataisoneyearhigh frequencydatafromthe period19/04/2012 to 19/04/2013. The empirical results show two important points. Firstly, the logarithm of adjusted realized volatility shows a high degree of autocorrelation and folows a normal distribution nearly perfect. These characteristics show a potential high forecast ability. Secondly,thedailyrealizedvolatilityjumpsshowalowdegreeofautocorrealtionbutwithsignificantvolatilityclusters.Ingeneral,thejumps component has a low percentage in realized volatility estimation for both future and spot market. On average, there is one significant jumpswithinevery ten continue trading days.Spotmarkets showshigherdegree of jumps,anda rapidly jumpscharacterises.It implies that jumps may transmission from spot to future market, and spot market dominate future market at some degree.

  17. Forecast of future aviation fuels: The model

    Science.gov (United States)

    Ayati, M. B.; Liu, C. Y.; English, J. M.

    1981-01-01

    A conceptual models of the commercial air transportation industry is developed which can be used to predict trends in economics, demand, and consumption. The methodology is based on digraph theory, which considers the interaction of variables and propagation of changes. Air transportation economics are treated by examination of major variables, their relationships, historic trends, and calculation of regression coefficients. A description of the modeling technique and a compilation of historic airline industry statistics used to determine interaction coefficients are included. Results of model validations show negligible difference between actual and projected values over the twenty-eight year period of 1959 to 1976. A limited application of the method presents forecasts of air tranportation industry demand, growth, revenue, costs, and fuel consumption to 2020 for two scenarios of future economic growth and energy consumption.

  18. Adjusting Futures Forecasts of Federal Reserve Policy

    DEFF Research Database (Denmark)

    Chun, Albert Lee; Chun, Olfa Maalaoui

    Our results challenge the traditional way we interpret empirical measures of risk premia, as a signicant part of the predictable component of excess returns is strongly correlated with predictability in survey forecast errors. Using survey forecasts of the federal funds rate to proxy for market...

  19. Modeling daily realized futures volatility with singular spectrum analysis

    Science.gov (United States)

    Thomakos, Dimitrios D.; Wang, Tao; Wille, Luc T.

    2002-09-01

    Using singular spectrum analysis (SSA), we model the realized volatility and logarithmic standard deviations of two important futures return series. The realized volatility and logarithmic standard deviations are constructed following the methodology of Andersen et al. [J. Am. Stat. Ass. 96 (2001) 42-55] using intra-day transaction data. We find that SSA decomposes the volatility series quite well and effectively captures both the market trend (accounting for about 34-38% of the total variance in the series) and, more importantly, a number of underlying market periodicities. Reliable identification of any periodicities is extremely important for options pricing and risk management and we believe that SSA can be a useful addition to the financial practitioners’ toolbox.

  20. Forecasting, Forecasting

    Science.gov (United States)

    Michael A. Fosberg

    1987-01-01

    Future improvements in the meteorological forecasts used in fire management will come from improvements in three areas: observational systems, forecast techniques, and postprocessing of forecasts and better integration of this information into the fire management process.

  1. ON FORECASTING STOCK OPTIONS VOLATILITY: EVIDENCE FROM LONDON INTERNATIONAL FINANCIAL FUTURES AND OPTIONS EXCHANGE

    Directory of Open Access Journals (Sweden)

    MIRCEA ASANDULUI

    2012-05-01

    Full Text Available Options’ volatility forecasting represented, in the last decades, a very interesting and frequent domain of research in financial econometrics due to its importance in option pricing, portfolio selection, risk management and other financial activities. The aim of this study is to realize a comparative analysis of the performances obtained by several forecast models in forecasting stock options volatility.For this, we consider the volatility of the 4 most traded options at Euronext London International Financial Futures and Options Stock Exchange (Euronext.Liffe in the period 2009-2010.When analyzing and forecasting these stock options we use the period January 2009-May 2011; using this base period, we determine the models that describe better the evolution of the volatility. Based on these models we realize forecasts that are finally compared with the real values recorded in the next 10 trading days.In relation with the differences that appear, we determine the forecast errors and by these we identify the best models and the ones that generate the biggest errors.

  2. Modeling and Forecasting (Un)Reliable Realized Covariances for More Reliable Financial Decisions

    DEFF Research Database (Denmark)

    Bollerslev, Tim; Patton, Andrew J.; Quaedvlieg, Rogier

    We propose a new framework for modeling and forecasting common financial risks based on (un)reliable realized covariance measures constructed from high-frequency intraday data. Our new approach explicitly incorporates the effect of measurement errors and time-varying attenuation biases...... turnover and statistically superior positions compared to existing procedures. Translating these statistical improvements into economic gains, we find that under empirically realistic assumptions a risk-averse investor would be willing to pay up to 170 basis points per year to shift to using the new class...

  3. Forecasting economic aspects of future wireless services

    DEFF Research Database (Denmark)

    Falch, Morten; Henten, Anders; Saugstrup, Dan

    based services may be delivered through collaboration between network operators and content providers. How can this market be expected to develop? Will the network operators act as system integrators connecting customers and content providers in a walled garden approach or will the market for wireless...... services be shaped like the Internet today with a large number of independent information providers offering their services directly to the customers? This deliverable will analyse economic models for delivery of ‘3G and beyond’ wireless Internet services, and assess the types of services that will drive......The topic for this deliverable is to assess the future economic setup and implications of wireless services. While provision of basic wireless communication services such as voice and messaging services usually are delivered as end-to-end services by the network operator, the market for content...

  4. FORECAST ON FUTURE LEVEL OF ECONOMY DEVELOPMENT OF CHINA

    Institute of Scientific and Technical Information of China (English)

    2002-01-01

    China is a country in the period of economy takeoff. We cannot use the common method to forecast its fu-ture econotmy level. This paper establishes an economic level forecast model of the countries whose economy is in the takeoff because of the stimulation of model country. The enlightenment of the model is from physics. If there are two sub-stances, A and B, and a medium between them, according to physics, when substance A is hotter than B, B' s tempera-ture will inevitably rise and close to that of A. Thus, this system tends to be a state of balance. Three factors affect heatconduction between substance A and B. They are the difference of temperature between two substances, the conductivityof medium and the characteristics of themselves. The model is testified through two examples. And then we forecast theeconomic development level of China in long term. This paper raises a model to solve the problem of research approaches.However, since there are some limitations on data source, problems will appear. For example, in certain years, our fore-cast results do not suit the real situation. But in the long term, the tendency is accurate. Then this model can be amendedin accordance with different situations.

  5. Forecasting Future Salaries in the Czech Republic Using Stochastic Modelling

    OpenAIRE

    Ondřej Šimpach; Jitka Langhamrová

    2013-01-01

    Background: In spite of the course of the economic crisis of 2008, there have not been changes dramatic to the extent that they would strongly alter the behaviour of the trend in the Average Gross Monthly Wages and the Monthly Wage Medians in the Czech Republic. In order to support public and monetary planning, reliable forecasts of future salaries are indispensable. Objectives: The aim is to provide an outline of the behaviour of the average gross wages and the gross wage medians of the Czec...

  6. Design of forecast system of mining damage in mining areas and its realization

    Institute of Scientific and Technical Information of China (English)

    WANG Dong-mei

    2005-01-01

    Exploited the forecast system of mining damages, which uses the theory of clean-production in coal-areas as guide. Its aims is developing and using coal resource reasonably and reducing the damage to the environment.

  7. Wind power forecasting: IEA Wind Task 36 & future research issues

    Science.gov (United States)

    Giebel, G.; Cline, J.; Frank, H.; Shaw, W.; Pinson, P.; Hodge, B.-M.; Kariniotakis, G.; Madsen, J.; Möhrlen, C.

    2016-09-01

    This paper presents the new International Energy Agency Wind Task 36 on Forecasting, and invites to collaborate within the group. Wind power forecasts have been used operatively for over 20 years. Despite this fact, there are still several possibilities to improve the forecasts, both from the weather prediction side and from the usage of the forecasts. The new International Energy Agency (IEA) Task on Forecasting for Wind Energy tries to organise international collaboration, among national meteorological centres with an interest and/or large projects on wind forecast improvements (NOAA, DWD, MetOffice, met.no, DMI,...), operational forecaster and forecast users. The Task is divided in three work packages: Firstly, a collaboration on the improvement of the scientific basis for the wind predictions themselves. This includes numerical weather prediction model physics, but also widely distributed information on accessible datasets. Secondly, we will be aiming at an international pre-standard (an IEA Recommended Practice) on benchmarking and comparing wind power forecasts, including probabilistic forecasts. This WP will also organise benchmarks, in cooperation with the IEA Task WakeBench. Thirdly, we will be engaging end users aiming at dissemination of the best practice in the usage of wind power predictions. As first results, an overview of current issues for research in short-term forecasting of wind power is presented.

  8. Leading the 21st-century academic library successful strategies for envisioning and realizing preferred futures

    CERN Document Server

    Eden, Bradford Lee

    2015-01-01

    Leading the 21st Century Academic Library: Successful Strategies for Envisioning and Realizing Preferred Futures will explore the new roles and directions academic libraries are taking in the 21st century as a consequence of visionary leadership in exploring diverse futures.

  9. Wind power forecasting: IEA Wind Task 36 & future research issues

    DEFF Research Database (Denmark)

    Giebel, Gregor; Cline, J.; Frank, Helmut Paul

    2016-01-01

    This paper presents the new International Energy Agency Wind Task 36 on Forecasting, and invites to collaborate within the group. Wind power forecasts have been used operatively for over 20 years. Despite this fact, there are still several possibilities to improve the forecasts, both from the wea......Bench. Thirdly, we will be engaging end users aiming at dissemination of the best practice in the usage of wind power predictions. As first results, an overview of current issues for research in short-term forecasting of wind power is presented.......This paper presents the new International Energy Agency Wind Task 36 on Forecasting, and invites to collaborate within the group. Wind power forecasts have been used operatively for over 20 years. Despite this fact, there are still several possibilities to improve the forecasts, both from...... the weather prediction side and from the usage of the forecasts. The new International Energy Agency (IEA) Task on Forecasting for Wind Energy tries to organise international collaboration, among national meteorological centres with an interest and/or large projects on wind forecast improvements (NOAA, DWD...

  10. Forecasting Volatility with the Realized Range in the Presence of Noise and Non-Trading

    NARCIS (Netherlands)

    K. Bannouh (Karim); M.P.E. Martens (Martin); D.J.C. van Dijk (Dick)

    2012-01-01

    textabstractWe introduce a heuristic bias-adjustment for the transaction price-based realized range estimator of daily volatility in the presence of bid-ask bounce and non-trading. The adjustment is an extension of the estimator proposed in Christensen et al. (2009). We relax the assumption that all

  11. Deciding the Future: A Forecast of Responsibilities of Secondary Teachers of English, 1970-2000 AD.

    Science.gov (United States)

    Farrell, Edmund J.

    This document is a slightly revised version of author's Ph.D. Dissertation, "A Forecast of Responsibilities of Secondary Teachers of English 1970-2000 A.D., with Implications for Teacher Education" (ED 049 253). A study in two parts, Part I presents the need for future planning in education; discusses briefly methodologies for forecasting the…

  12. QUANTIFYING AN UNCERTAIN FUTURE: HYDROLOGIC MODEL PERFORMANCE FOR A SERIES OF REALIZED "/FUTURE" CONDITIONS

    Science.gov (United States)

    A systematic analysis of model performance during simulations based on observed landcover/use change is used to quantify errors associated with simulations of known "future" conditions. Calibrated and uncalibrated assessments of relative change over different lengths of...

  13. Major City Development Forecast: Designing the Innovative Future

    Directory of Open Access Journals (Sweden)

    Lavrikova Yuliya Georgievna

    2017-01-01

    Full Text Available The article describes the results of application of the authors’ approach to forecasting the development of the city (in the case of one of the largest Russian cities – Ekaterinburg. The main results of the development of multi-variant long-term forecast of Ekaterinburg socio-economic development are presented: the provisions of the approach used to create such documents are set out, a brief description of the forecasting methodology is given, the key aspects of city life in the context of the proposed development scenarios are forecasted, the main risks of long-term development of the city are described. The study is based on the use of the whole set of forecasting methods such as mathematical modeling, balance and cohort-component methods, extrapolation methods and expert evaluation method. The article describes the situation in Ekaterinburg regarding other cities and evaluates key development prospects of a municipal unit. It is recommended to use the approach based on the given scenario “junctions” (each of which gives two alternative scenarios; this helped identify eight options for the city transformation. Three Ekaterinburg development scenarios are covered in detail, which provided an opportunity for considering economic and social components of a municipal system in different conditions. They are inertial, basic and innovative city development (the authors mark the importance of the innovation scenario. The authors also characterize the possible ways of transforming demographic potential, economic and human resources. The study also identifies the degree of risks and threats to Ekaterinburg long-term development, estimates external and internal (technological, infrastructural, demographic and environmental risks. The obtained results are an important element of the city development planning system, since effective management of municipal socio-economic system development can only be implemented with proper presentation of

  14. Can the dynamics of the term structure of petroleum futures be forecasted? Evidence from major markets

    Energy Technology Data Exchange (ETDEWEB)

    Skiadopoulos, George [University of Piraeus, Department of Banking and Financial Management (Greece); Financial Options Research Centre, Warwick Business School, University of Warwick (United Kingdom); Chantziara, Thalia

    2008-05-15

    We investigate whether the daily evolution of the term structure of petroleum futures can be forecasted. To this end, the principal components analysis is employed. The retained principal components describe the dynamics of the term structure of futures prices parsimoniously and are used to forecast the subsequent daily changes of futures prices. Data on the New York Mercantile Exchange (NYMEX) crude oil, heating oil, gasoline, and the International Petroleum Exchange (IPE) crude oil futures are used. We find that the retained principal components have small forecasting power both in-sample and out-of-sample. Similar results are obtained from standard univariate and vector autoregression models. Spillover effects between the four petroleum futures markets are also detected. (author)

  15. Satellites, tweets, forecasts: the future of flood disaster management?

    Science.gov (United States)

    Dottori, Francesco; Kalas, Milan; Lorini, Valerio; Wania, Annett; Pappenberger, Florian; Salamon, Peter; Ramos, Maria Helena; Cloke, Hannah; Castillo, Carlos

    2017-04-01

    Floods have devastating effects on lives and livelihoods around the world. Structural flood defence measures such as dikes and dams can help protect people. However, it is the emerging science and technologies for flood disaster management and preparedness, such as increasingly accurate flood forecasting systems, high-resolution satellite monitoring, rapid risk mapping, and the unique strength of social media information and crowdsourcing, that are most promising for reducing the impacts of flooding. Here, we describe an innovative framework which integrates in real-time two components of the Copernicus Emergency mapping services, namely the European Flood Awareness System and the satellite-based Rapid Mapping, with new procedures for rapid risk assessment and social media and news monitoring. The integrated framework enables improved flood impact forecast, thanks to the real-time integration of forecasting and monitoring components, and increases the timeliness and efficiency of satellite mapping, with the aim of capturing flood peaks and following the evolution of flooding processes. Thanks to the proposed framework, emergency responders will have access to a broad range of timely and accurate information for more effective and robust planning, decision-making, and resource allocation.

  16. Forecasting Exchange Rate Volatility in the Presence of Jumps

    DEFF Research Database (Denmark)

    Busch, Thomas; Christensen, Bent Jesper; Nielsen, Morten Ørregaard

    of exchange rate futures options, allowingcalculation of option implied volatility. We find that implied volatility is an informationallyefficient but biased forecast of future realized exchange rate volatility. Furthermore,we show that log-normality is an even better distributional approximation...... for impliedvolatility than for realized volatility in this market. Finally, we show that the jump componentof future realized exchange rate volatility is to some extent predictable, and thatoption implied volatility is the dominant forecast of the future jump component....

  17. The role of magical thinking in forecasting the future

    NARCIS (Netherlands)

    Stavrova, O.; Meckel, Andrea

    2017-01-01

    This article explores the role of magical thinking in the subjective probabilities of future chance events. In five experiments, we show that individuals tend to predict a more lucky future (reflected in probability judgements of lucky and unfortunate chance events) for someone who happened to purch

  18. Short-term load forecasting using neural network for future smart grid application

    Science.gov (United States)

    Zennamo, Joseph Anthony, III

    Short-term load forecasting of power system has been a classic problem for a long time. Not merely it has been researched extensively and intensively, but also a variety of forecasting methods has been raised. This thesis outlines some aspects and functions of smart meter. It also presents different policies and current statuses as well as future projects and objectives of SG development in several countries. Then the thesis compares main aspects about latest products of smart meter from different companies. Lastly, three types of prediction models are established in MATLAB to emulate the functions of smart grid in the short-term load forecasting, and then their results are compared and analyzed in terms of accuracy. For this thesis, more variables such as dew point temperature are used in the Neural Network model to achieve more accuracy for better short-term load forecasting results.

  19. Forecasting European Wildfires Today and in the Future

    Science.gov (United States)

    Navarro Abellan, Maria; Porras Alegre, Ignasi; María Sole, Josep; Gálvez, Pedro; Bielski, Conrad; Nurmi, Pertti

    2017-04-01

    Society as a whole is increasingly exposed and vulnerable to natural disasters due to extreme weather events exacerbated by climate change. The increased frequency of wildfires is not only a result of a changing climate, but wildfires themselves also produce a significant amount of greenhouse gases that, in-turn, further contribute to global warming. I-REACT (Improving Resilience to Emergencies through Advanced Cyber Technologies) is an innovation project funded by the European Commission , which aims to use social media, smartphones and wearables to improve natural disaster management by integrating existing services, both local and European, into a platform that supports the entire emergency management cycle. In order to assess the impact of climate change on wildfire hazards, METEOSIM designed two different System Processes (SP) that will be integrated into the I-REACT service that can provide information on a variety of time scales. SP1 - Climate Change Impact The climate change impact on climate variables related to fires is calculated by building an ensemble based on the Coupled Model Intercomparison Project Phase 5 (CMIP5) and CORDEX data. A validation and an Empirical-Statistical Downscaling (ESD) calibration are done to assess the changes in the past of the climatic variables related to wildfires (temperature, precipitation, wind, relative humidity and Fire Weather Index). Calculations in the trend and the frequency of extreme events of those variables are done for three time scales: near-term (2011-2040), mid-term (2041-2070) and long term (2071-2100). SP2 - Operational daily forecast of the Canadian Forest Fire Weather Index (FWI) Using ensemble data from the ECMWF and from the GLAMEPS (multi-model ensemble) models, both supplied by the Finnish Meteorological Institute (FMI), the Fire Weather Index (FWI) and its index components are produced for each ensemble member within a wide forecast time range, from a few hours up to 10 days resulting in a

  20. Combining a Spatial Model and Demand Forecasts to Map Future Surface Coal Mining in Appalachia.

    Directory of Open Access Journals (Sweden)

    Michael P Strager

    Full Text Available Predicting the locations of future surface coal mining in Appalachia is challenging for a number of reasons. Economic and regulatory factors impact the coal mining industry and forecasts of future coal production do not specifically predict changes in location of future coal production. With the potential environmental impacts from surface coal mining, prediction of the location of future activity would be valuable to decision makers. The goal of this study was to provide a method for predicting future surface coal mining extents under changing economic and regulatory forecasts through the year 2035. This was accomplished by integrating a spatial model with production demand forecasts to predict (1 km2 gridded cell size land cover change. Combining these two inputs was possible with a ratio which linked coal extraction quantities to a unit area extent. The result was a spatial distribution of probabilities allocated over forecasted demand for the Appalachian region including northern, central, southern, and eastern Illinois coal regions. The results can be used to better plan for land use alterations and potential cumulative impacts.

  1. The Content of Professional and Creative Self–realization of Future Teachers of Music in Terms of the System Approach

    Directory of Open Access Journals (Sweden)

    Natalia N. Samokhina

    2013-01-01

    Full Text Available This article introduces the project of educational system content of professional and creative self-realization of future teachers of music, defined by cognitive, practically-pragmatist, person-motivated and socially-oriented educational blocks. The functioning of the selected blocks is realized by means of knowledge, abilities, skills, as well as ideological, moral and aesthetic ideas of the future specialists

  2. Location Forecast of Future Urban Residential Development Near Nellis Air Force Base, Nevada

    Science.gov (United States)

    2009-09-01

    of trade names does not constitute an official endorsement or approval of the use of such commercial products . All product names and trademarks cited...in telecommuting . Fourth, this model is only forecasting the development locations of future high-density urban residential development. In reality

  3. Analyzing and Forecasting Volatility Spillovers and Asymmetries in Major Crude Oil Spot, Forward and Futures Markets

    NARCIS (Netherlands)

    C-L. Chang (Chia-Lin); M.J. McAleer (Michael); R. Tansuchat (Roengchai)

    2010-01-01

    textabstractCrude oil price volatility has been analyzed extensively for organized spot, forward and futures markets for well over a decade, and is crucial for forecasting volatility and Value-at-Risk (VaR). There are four major benchmarks in the international oil market, namely West Texas Intermedi

  4. Forecasting volatility and spillovers in crude oil spot, forward and future markets

    NARCIS (Netherlands)

    C-L. Chang (Chia-Lin); M.J. McAleer (Michael); R. Tansuchat (Roengchai)

    2009-01-01

    textabstractCrude oil price volatility has been analyzed extensively for organized spot, forward and futures markets for well over a decade, and is crucial for forecasting volatility and Value-at-Risk (VaR). There are four major benchmarks in the international oil market, namely West Texas Intermedi

  5. Analyzing and Forecasting Volatility Spillovers and Asymmetries in Major Crude Oil Spot, Forward and Futures Markets

    NARCIS (Netherlands)

    C-L. Chang (Chia-Lin); M.J. McAleer (Michael); R. Tansuchat (Roengchai)

    2010-01-01

    textabstractCrude oil price volatility has been analyzed extensively for organized spot, forward and futures markets for well over a decade, and is crucial for forecasting volatility and Value-at-Risk (VaR). There are four major benchmarks in the international oil market, namely West Texas

  6. Forecasting volatility and spillovers in crude oil spot, forward and future markets

    NARCIS (Netherlands)

    C-L. Chang (Chia-Lin); M.J. McAleer (Michael); R. Tansuchat (Roengchai)

    2009-01-01

    textabstractCrude oil price volatility has been analyzed extensively for organized spot, forward and futures markets for well over a decade, and is crucial for forecasting volatility and Value-at-Risk (VaR). There are four major benchmarks in the international oil market, namely West Texas

  7. Forecast of Future Aviation Fuels. Part 1: Scenarios

    Science.gov (United States)

    English, J. M.; Liu, C. Y.; Smith, J. L.; Yin, A. K. K.; Pan, G. A.; Ayati, M. B.; Gyamfi, M.; Arabzadah, M. R.

    1978-01-01

    A preliminary set of scenarios is described for depicting the air transport industry as it grows and changes, up to the year 2025. This provides the background for predicting the needs for future aviation fuels to meet the requirements of the industry as new basic sources, such as oil shale and coal, which are utilized to supplement petroleum. Five scenarios are written to encompass a range of futures from a serious resource-constrained economy to a continuous and optimistic economic growth. A unique feature is the choice of one immediate range scenario which is based on a serious interruption of economic growth occasioned by an energy shortfall. This is presumed to occur due to lags in starting a synfuels program.

  8. The role of magical thinking in forecasting the future.

    Science.gov (United States)

    Stavrova, Olga; Meckel, Andrea

    2017-02-01

    This article explores the role of magical thinking in the subjective probabilities of future chance events. In five experiments, we show that individuals tend to predict a more lucky future (reflected in probability judgements of lucky and unfortunate chance events) for someone who happened to purchase a product associated with a highly moral person than for someone who unknowingly purchased a product associated with a highly immoral person. In the former case, positive events were considered more likely than negative events, whereas in the latter case, the difference in the likelihood judgement of positive and negative events disappeared or even reversed. Our results indicate that this effect is unlikely to be driven by participants' immanent justice beliefs, the availability heuristic, or experimenter demand. Finally, we show that individuals rely more heavily on magical thinking when their need for control is threatened, thus suggesting that lack of control represents a factor in driving magical thinking in making predictions about the future. © 2016 The British Psychological Society.

  9. Oil Price Forecasting Using Crack Spread Futures and Oil Exchange Traded Funds

    Directory of Open Access Journals (Sweden)

    Hankyeung Choi

    2015-04-01

    Full Text Available Given the emerging consensus from previous studies that crude oil and refined product (as well as crack spread prices are cointegrated, this study examines the link between the crude oil spot and crack spread derivatives markets. Specifically, the usefulness of the two crack spread derivatives products (namely, crack spread futures and the ETF crack spread for modeling and forecasting daily OPEC crude oil spot prices is evaluated. Based on the results of a structural break test, the sample is divided into pre-crisis, crisis, and post-crisis periods. We find a unidirectional relationship from the two crack spread derivatives markets to the crude oil spot market during the post-crisis period. In terms of forecasting performance, the forecasting models based on crack spread futures and the ETF crack spread outperform the Random Walk Model (RWM, both in-sample and out-of-sample. In addition, on average, the results suggest that information from the ETF crack spread market contributes more to the forecasting models than information from the crack spread futures market.

  10. Learning, forecasting and optimizing : An experimental study

    NARCIS (Netherlands)

    Bao, Te; Duffy, John; Hommes, Cars

    Rational Expectations (RE) models have two crucial dimensions: (i) agents on average correctly forecast future prices given all available information, and (ii) given expectations, agents solve optimization problems and these solutions in turn determine actual price realizations. Experimental tests

  11. Learning, forecasting and optimizing: an experimental study

    NARCIS (Netherlands)

    Bao, T.; Duffy, J.; Hommes, C.

    2013-01-01

    Rational Expectations (RE) models have two crucial dimensions: (i) agents on average correctly forecast future prices given all available information, and (ii) given expectations, agents solve optimization problems and these solutions in turn determine actual price realizations. Experimental tests o

  12. Learning, forecasting and optimizing : An experimental study

    NARCIS (Netherlands)

    Bao, Te; Duffy, John; Hommes, Cars

    2013-01-01

    Rational Expectations (RE) models have two crucial dimensions: (i) agents on average correctly forecast future prices given all available information, and (ii) given expectations, agents solve optimization problems and these solutions in turn determine actual price realizations. Experimental tests o

  13. Learning, forecasting and optimizing: an experimental study

    NARCIS (Netherlands)

    Bao, T.; Duffy, J.; Hommes, C.

    2011-01-01

    Rational Expectations (RE) models have two crucial dimensions: 1) agents correctly forecast future prices given all available information, and 2) given expectations, agents solve optimization problems and these solutions in turn determine actual price realizations. Experimental testing of such model

  14. Detection and forecasting of oyster norovirus outbreaks: recent advances and future perspectives.

    Science.gov (United States)

    Wang, Jiao; Deng, Zhiqiang

    2012-09-01

    Norovirus is a highly infectious pathogen that is commonly found in oysters growing in fecally contaminated waters. Norovirus outbreaks can cause the closure of oyster harvesting waters and acute gastroenteritis in humans associated with consumption of contaminated raw oysters. Extensive efforts and progresses have been made in detection and forecasting of oyster norovirus outbreaks over the past decades. The main objective of this paper is to provide a literature review of methods and techniques for detecting and forecasting oyster norovirus outbreaks and thereby to identify the future directions for improving the detection and forecasting of norovirus outbreaks. It is found that (1) norovirus outbreaks display strong seasonality with the outbreak peak occurring commonly in December-March in the U.S. and April-May in the Europe; (2) norovirus outbreaks are affected by multiple environmental factors, including but not limited to precipitation, temperature, solar radiation, wind, and salinity; (3) various modeling approaches may be employed to forecast norovirus outbreaks, including Bayesian models, regression models, Artificial Neural Networks, and process-based models; and (4) diverse techniques are available for near real-time detection of norovirus outbreaks, including multiplex PCR, seminested PCR, real-time PCR, quantitative PCR, and satellite remote sensing. The findings are important to the management of oyster growing waters and to future investigations into norovirus outbreaks. It is recommended that a combined approach of sensor-assisted real time monitoring and modeling-based forecasting should be utilized for an efficient and effective detection and forecasting of norovirus outbreaks caused by consumption of contaminated oysters.

  15. Forecasting future tobacco control policy: where to next?

    Science.gov (United States)

    Freeman, Becky; Gartner, Coral; Hall, Wayne; Chapman, Simon

    2010-10-01

    Effective tobacco control policies include price increases through taxes, restrictions on smoking in public and work places, adequately funded mass media campaigns, bans on advertising, health warnings on packages and cessation assistance. As these policies have been largely implemented in Australia, what next should the country do in tobacco control? Ninety-one Australian tobacco control stakeholders took part in a web-based survey about the future of tobacco control policies. The policy deemed most important in decreasing smoking was to increase excise and customs duty by 30%. Other policies receiving high support included: funding mass media campaigns through tax hypothecation; introducing retail display bans; plain packaging of tobacco products; and banning smoking in outdoor dining areas. Reintroducing the sale of smokeless tobacco products received the least support. Countries that have largely implemented the provisions of the Framework Convention on Tobacco Control must maintain commitments to proven tobacco control measures, but also provide global leadership through the adoption of innovative policies. The release of the Australian 2009 National Preventative Health Taskforce's report presents an opportunity to translate these ideas into action. © 2010 The Authors. Journal Compilation © 2010 Public Health Association of Australia.

  16. Forecasting distributions of an aquatic invasive species (Nitellopsis obtusa) under future climate scenarios.

    Science.gov (United States)

    Romero-Alvarez, Daniel; Escobar, Luis E; Varela, Sara; Larkin, Daniel J; Phelps, Nicholas B D

    2017-01-01

    Starry stonewort (Nitellopsis obtusa) is an alga that has emerged as an aquatic invasive species of concern in the United States. Where established, starry stonewort can interfere with recreational uses of water bodies and potentially have ecological impacts. Incipient invasion of starry stonewort in Minnesota provides an opportunity to predict future expansion in order to target early detection and strategic management. We used ecological niche models to identify suitable areas for starry stonewort in Minnesota based on global occurrence records and present-day and future climate conditions. We assessed sensitivity of forecasts to different parameters, using four emission scenarios (i.e., RCP 2.6, RCP 4.5, RCP 6, and RCP 8.5) from five future climate models (i.e., CCSM, GISS, IPSL, MIROC, and MRI). From our niche model analyses, we found that (i) occurrences from the entire range, instead of occurrences restricted to the invaded range, provide more informed models; (ii) default settings in Maxent did not provide the best model; (iii) the model calibration area and its background samples impact model performance; (iv) model projections to future climate conditions should be restricted to analogous environments; and (v) forecasts in future climate conditions should include different future climate models and model calibration areas to better capture uncertainty in forecasts. Under present climate, the most suitable areas for starry stonewort are predicted to be found in central and southeastern Minnesota. In the future, suitable areas for starry stonewort are predicted to shift in geographic range under some future climate models and to shrink under others, with most permutations indicating a net decrease of the species' suitable range. Our suitability maps can serve to design short-term plans for surveillance and education, while future climate models suggest a plausible reduction of starry stonewort spread in the long-term if the trends in climate warming remain.

  17. Forecasting distributions of an aquatic invasive species (Nitellopsis obtusa) under future climate scenarios

    Science.gov (United States)

    Varela, Sara; Larkin, Daniel J.; Phelps, Nicholas B. D.

    2017-01-01

    Starry stonewort (Nitellopsis obtusa) is an alga that has emerged as an aquatic invasive species of concern in the United States. Where established, starry stonewort can interfere with recreational uses of water bodies and potentially have ecological impacts. Incipient invasion of starry stonewort in Minnesota provides an opportunity to predict future expansion in order to target early detection and strategic management. We used ecological niche models to identify suitable areas for starry stonewort in Minnesota based on global occurrence records and present-day and future climate conditions. We assessed sensitivity of forecasts to different parameters, using four emission scenarios (i.e., RCP 2.6, RCP 4.5, RCP 6, and RCP 8.5) from five future climate models (i.e., CCSM, GISS, IPSL, MIROC, and MRI). From our niche model analyses, we found that (i) occurrences from the entire range, instead of occurrences restricted to the invaded range, provide more informed models; (ii) default settings in Maxent did not provide the best model; (iii) the model calibration area and its background samples impact model performance; (iv) model projections to future climate conditions should be restricted to analogous environments; and (v) forecasts in future climate conditions should include different future climate models and model calibration areas to better capture uncertainty in forecasts. Under present climate, the most suitable areas for starry stonewort are predicted to be found in central and southeastern Minnesota. In the future, suitable areas for starry stonewort are predicted to shift in geographic range under some future climate models and to shrink under others, with most permutations indicating a net decrease of the species’ suitable range. Our suitability maps can serve to design short-term plans for surveillance and education, while future climate models suggest a plausible reduction of starry stonewort spread in the long-term if the trends in climate warming remain

  18. When idols look into the future: fair treatment modulates the affective forecasting error in talent show candidates.

    Science.gov (United States)

    Feys, Marjolein; Anseel, Frederik

    2015-03-01

    People's affective forecasts are often inaccurate because they tend to overestimate how they will feel after an event. As life decisions are often based on affective forecasts, it is crucial to find ways to manage forecasting errors. We examined the impact of a fair treatment on forecasting errors in candidates in a Belgian reality TV talent show. We found that perceptions of fair treatment increased the forecasting error for losers (a negative audition decision) but decreased it for winners (a positive audition decision). For winners, this effect was even more pronounced when candidates were highly invested in their self-view as a future pop idol whereas for losers, the effect was more pronounced when importance was low. The results in this study point to a potential paradox between maximizing happiness and decreasing forecasting errors. A fair treatment increased the forecasting error for losers, but actually made them happier.

  19. Forecasting Model for Crude Oil Price Using Artificial Neural Networks and Commodity Futures Prices

    CERN Document Server

    Kulkarni, Siddhivinayak

    2009-01-01

    This paper presents a model based on multilayer feedforward neural network to forecast crude oil spot price direction in the short-term, up to three days ahead. A great deal of attention was paid on finding the optimal ANN model structure. In addition, several methods of data pre-processing were tested. Our approach is to create a benchmark based on lagged value of pre-processed spot price, then add pre-processed futures prices for 1, 2, 3,and four months to maturity, one by one and also altogether. The results on the benchmark suggest that a dynamic model of 13 lags is the optimal to forecast spot price direction for the short-term. Further, the forecast accuracy of the direction of the market was 78%, 66%, and 53% for one, two, and three days in future conclusively. For all the experiments, that include futures data as an input, the results show that on the short-term, futures prices do hold new information on the spot price direction. The results obtained will generate comprehensive understanding of the cr...

  20. Future of Hepatocellular Carcinoma Incidence in the United States Forecast Through 2030.

    Science.gov (United States)

    Petrick, Jessica L; Kelly, Scott P; Altekruse, Sean F; McGlynn, Katherine A; Rosenberg, Philip S

    2016-05-20

    Hepatocellular carcinoma (HCC) incidence rates have been increasing in the United States for the past 35 years. Because HCC has a poor prognosis, quantitative forecasts could help to inform prevention and treatment strategies to reduce the incidence and burden of HCC. Single-year HCC incident case and population data for the years 2000 to 2012 and ages 35 to 84 years were obtained from the SEER 18 Registry Database. We forecast incident HCC cases through 2030, using novel age-period-cohort models and stratifying by sex, race/ethnicity, and age. Rates are presented because absolute numbers may be influenced by population increases. Rates of HCC increased with each successive birth cohort through 1959. However, rates began to decrease with the 1960 to 1969 birth cohorts. Asians/Pacific Islanders (APIs) have had the highest HCC rates in the United States for many years, but the rates have stabilized and begun to decline in recent years. Between 2013 and 2030, rates among APIs are forecast to decline further, with estimated annual percentage changes of -1.59% among men and -2.20% among women. Thus, by 2030, Asians are forecast to have the lowest incidence rates among men, and Hispanics are forecast to have the highest rates among men (age-standardized rate, 44.2). Blacks are forecast to have the highest rate among women (age-standardized rate, 12.82). Although liver cancer has long had some of the most rapidly increasing incidence rates, the decreasing rates seen among APIs, individuals younger than 65 years, and cohorts born after 1960 suggest that there will be declines in incidence of HCC in future years. Prevention efforts should be focused on individuals in the 1950 to 1959 birth cohorts, Hispanics, and blacks. Published by the American Society of Clinical Oncology.

  1. Forecasting the future: is it possible for adiabatically time-varying nonlinear dynamical systems?

    Science.gov (United States)

    Yang, Rui; Lai, Ying-Cheng; Grebogi, Celso

    2012-09-01

    Nonlinear dynamical systems in reality are often under environmental influences that are time-dependent. To assess whether such a system can perform as desired or as designed and is sustainable requires forecasting its future states and attractors based solely on time series. We propose a viable solution to this challenging problem by resorting to the compressive-sensing paradigm. In particular, we demonstrate that, for a dynamical system whose equations are unknown, a series expansion in both dynamical and time variables allows the forecasting problem to be formulated and solved in the framework of compressive sensing using only a few measurements. We expect our method to be useful in addressing issues of significant current concern such as the sustainability of various natural and man-made systems.

  2. Comparison of AEO 2010 Natural Gas Price Forecast to NYMEX Futures Prices

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark A.; Wiser, Ryan H.

    2010-01-04

    On December 14, 2009, the reference-case projections from Annual Energy Outlook 2010 were posted on the Energy Information Administration's (EIA) web site. We at LBNL have, in the past, compared the EIA's reference-case long-term natural gas price forecasts from the AEO series to contemporaneous natural gas prices that can be locked in through the forward market, with the goal of better understanding fuel price risk and the role that renewables can play in itigating such risk. As such, we were curious to see how the latest AEO reference-case gas price forecast compares to the NYMEX natural gas futures strip. This brief memo presents our findings.

  3. Including Impacts of Climate Change in Long-Range Forecasts of Future Tuolumne River Streamflow

    Science.gov (United States)

    Kenward, T.; Crawford, N. H.; Dufour, A.; McGurk, B. J.; Monier, W.

    2011-12-01

    Future streamflow is assessed for the Tuolumne River, a representative watershed in Sierra Nevada Mountains in California that provides 85% of the San Francisco Public Utility Commission's water supply for 2.5 million Bay Area residents and water to 8000 agricultural customers and over 200,000 electrical customers of the Turlock and Modesto Irrigation Districts. The Hydrocomp Forecasting and Analysis Model (HFAM) is a hydrologic simulation model which provides probabilistic inflow forecasts based on a continuous long-term simulation of a watershed driven by a historical meteorological database. The HFAM model is used to assess potential changes in the timing and volume of streamflow by driving the model with a long-term meteorological database that has been altered to represent the future climate in a specific year, for a given climate change scenario. In the Tuolumne, historical trends show increases to daily minimum temperatures but not to daily maximum temperatures. A static meteorological database that represents the current climate condition is generated by removing trends from historical data. Climate change scenarios for paired changes in temperature and precipitation were developed based on the range of predictions by global climate models. For each future climate condition, hourly temperature increases to the static database are calculated that are consistent with historical trends in daily minimum temperatures, while retaining a reasonable daily range in temperatures. Changes in future seasonal and annual probabilistic inflow forecasts are given for the Tuolumne River for each climate change scenario. The results show the importance of using probabilistic methods to assess climate change rather than mean values because impacts are more significant in low streamflow years.

  4. Forecasting the future risk of Barmah Forest virus disease under climate change scenarios in Queensland, Australia.

    Directory of Open Access Journals (Sweden)

    Suchithra Naish

    Full Text Available BACKGROUND: Mosquito-borne diseases are climate sensitive and there has been increasing concern over the impact of climate change on future disease risk. This paper projected the potential future risk of Barmah Forest virus (BFV disease under climate change scenarios in Queensland, Australia. METHODS/PRINCIPAL FINDINGS: We obtained data on notified BFV cases, climate (maximum and minimum temperature and rainfall, socio-economic and tidal conditions for current period 2000-2008 for coastal regions in Queensland. Grid-data on future climate projections for 2025, 2050 and 2100 were also obtained. Logistic regression models were built to forecast the otential risk of BFV disease distribution under existing climatic, socio-economic and tidal conditions. The model was applied to estimate the potential geographic distribution of BFV outbreaks under climate change scenarios. The predictive model had good model accuracy, sensitivity and specificity. Maps on potential risk of future BFV disease indicated that disease would vary significantly across coastal regions in Queensland by 2100 due to marked differences in future rainfall and temperature projections. CONCLUSIONS/SIGNIFICANCE: We conclude that the results of this study demonstrate that the future risk of BFV disease would vary across coastal regions in Queensland. These results may be helpful for public health decision making towards developing effective risk management strategies for BFV disease control and prevention programs in Queensland.

  5. Behavioral forecasts do not improve the prediction of future behavior: a prospective study of self-injury.

    Science.gov (United States)

    Janis, Irene Belle; Nock, Matthew K

    2008-10-01

    Clinicians are routinely encouraged to use multimodal assessments incorporating information from multiple sources when determining an individual's risk of dangerous or self-injurious behavior; however, some sources of information may not improve prediction models and so should not be relied on in such assessments. The authors examined whether individuals' prediction of their own future behavior improves prediction over using history of self-injurious thoughts and behaviors (SITB) alone. Sixty-four adolescents with a history of SITB were interviewed regarding their past year history of SITB, asked about the likelihood that they would engage in future SITB, and followed over a 6-month period. Individuals' forecasts of their future behavior were related to subsequent SITB, but did not improve prediction beyond the use of SITB history. In contrast, history of SITB improved prediction of subsequent SITB beyond individuals' behavioral forecasts. Clinicians should rely more on past history of a behavior than individuals' forecasts of future behavior in predicting SITB.

  6. Forecasting future oil production in Norway and the UK: a general improved methodology

    CERN Document Server

    Fievet, Lucas; Cauwels, Peter; Sornette, Didier

    2014-01-01

    We present a new Monte-Carlo methodology to forecast the crude oil production of Norway and the U.K. based on a two-step process, (i) the nonlinear extrapolation of the current/past performances of individual oil fields and (ii) a stochastic model of the frequency of future oil field discoveries. Compared with the standard methodology that tends to underestimate remaining oil reserves, our method gives a better description of future oil production, as validated by our back-tests starting in 2008. Specifically, we predict remaining reserves extractable until 2030 to be 188 +/- 10 million barrels for Norway and 98 +/- 10 million barrels for the UK, which are respectively 45% and 66% above the predictions using the standard methodology.

  7. Tension between SNeIa and BAO: current status and future forecasts

    Energy Technology Data Exchange (ETDEWEB)

    Escamilla-Rivera, Celia [Astrophysics, University of Oxford, DWD, Kebble Road, Oxford, OX1 3RH (United Kingdom); Lazkoz, Ruth; Salzano, Vincenzo; Sendra, Irene, E-mail: celia_escamilla@ehu.es, E-mail: ruth.lazkoz@ehu.es, E-mail: vincenzo.salzano@ehu.es, E-mail: irene.sendra@ehu.es [Fisika Teorikoaren eta Zientziaren Historia Saila, Zientzia eta Teknologia Fakultatea, Euskal Herriko Unibertsitatea, 644 Posta Kutxatila, 48080 Bilbao (Spain)

    2011-09-01

    Using real and synthetic Type Ia SNe (SNeIa) and baryon acoustic oscillations (BAO) data representing current observations forecasts, this paper investigates the tension between those probes in the dark energy equation of state (EoS) reconstruction considering the well known CPL model and Wang's low correlation reformulation. In particular, here we present simulations of BAO data from both the the radial and transverse directions. We also explore the influence of priors on Ω{sub m} and Ω{sub b} on the tension issue, by considering 1σ deviations in either one or both of them. Our results indicate that for some priors there is no tension between a single dataset (either SNeIa or BAO) and their combination (SNeIa+BAO). Our criterion to discern the existence of tension (σ-distance) is also useful to establish which is the dataset with most constraining power; in this respect SNeIa and BAO data switch roles when current and future data are considered, as forecasts predict and spectacular quality improvement on BAO data. We also find that the results on the tension are blind to the way the CPL model is addressed: there is a perfect match between the original formulation and that by the correlation optimized proposed in Wang (2008), but the errors on the parameters are much narrower in all cases of our exhaustive exploration, thus serving the purpose of stressing the convenience of this reparametrization.

  8. The future in clinical genetics: affective forecasting biases in patient and clinician decision making.

    Science.gov (United States)

    Peters, S A; Laham, S M; Pachter, N; Winship, I M

    2014-04-01

    When clinicians facilitate and patients make decisions about predictive genetic testing, they often base their choices on the predicted emotional consequences of positive and negative test results. Research from psychology and decision making suggests that such predictions may often be biased. Work on affective forecasting-predicting one's future emotional states-shows that people tend to overestimate the impact of (especially negative) emotional events on their well-being; a phenomenon termed the impact bias. In this article, we review the causes and consequences of the impact bias in medical decision making, with a focus on applying such findings to predictive testing in clinical genetics. We also recommend strategies for reducing the impact bias and consider the ethical and practical implications of doing so.

  9. How long will the traffic flow time series keep efficacious to forecast the future?

    Science.gov (United States)

    Yuan, PengCheng; Lin, XuXun

    2017-02-01

    This paper investigate how long will the historical traffic flow time series keep efficacious to forecast the future. In this frame, we collect the traffic flow time series data with different granularity at first. Then, using the modified rescaled range analysis method, we analyze the long memory property of the traffic flow time series by computing the Hurst exponent. We calculate the long-term memory cycle and test its significance. We also compare it with the maximum Lyapunov exponent method result. Our results show that both of the freeway traffic flow time series and the ground way traffic flow time series demonstrate positively correlated trend (have long-term memory property), both of their memory cycle are about 30 h. We think this study is useful for the short-term or long-term traffic flow prediction and management.

  10. Current and Future Applications of Multispectral (RGB) Satellite Imagery for Weather Analysis and Forecasting Applications

    Science.gov (United States)

    Molthan, Andrew L.; Fuell, Kevin K.; LaFontaine, Frank; McGrath, Kevin; Smith, Matt

    2013-01-01

    Current and future satellite sensors provide remotely sensed quantities from a variety of wavelengths ranging from the visible to the passive microwave, from both geostationary and low ]Earth orbits. The NASA Short ]term Prediction Research and Transition (SPoRT) Center has a long history of providing multispectral imagery from the Moderate Resolution Imaging Spectroradiometer (MODIS) aboard NASA fs Terra and Aqua satellites in support of NWS forecast office activities. Products from MODIS have recently been extended to include a broader suite of multispectral imagery similar to those developed by EUMETSAT, based upon the spectral channels available from the Spinning Enhanced Visible and Infrared Imager (SEVIRI) aboard METEOSAT ]9. This broader suite includes products that discriminate between air mass types associated with synoptic ]scale features, assists in the identification of dust, and improves upon paired channel difference detection of fog and low cloud events. Future instruments will continue the availability of these products and also expand upon current capabilities. The Advanced Baseline Imager (ABI) on GOES ]R will improve the spectral, spatial, and temporal resolution of our current geostationary capabilities, and the recent launch of the Suomi National Polar ]Orbiting Partnership (S ]NPP) carries instruments such as the Visible Infrared Imager Radiometer Suite (VIIRS), the Cross ]track Infrared Sounder (CrIS), and the Advanced Technology Microwave Sounder (ATMS), which have unrivaled spectral and spatial resolution, as precursors to the JPSS era (i.e., the next generation of polar orbiting satellites. New applications from VIIRS extend multispectral composites available from MODIS and SEVIRI while adding new capabilities through incorporation of additional CrIS channels or information from the Near Constant Contrast or gDay ]Night Band h, which provides moonlit reflectance from clouds and detection of fires or city lights. This presentation will

  11. Future intensification of hydro-meteorological extremes: downscaling using the weather research and forecasting model

    Science.gov (United States)

    El-Samra, R.; Bou-Zeid, E.; Bangalath, H. K.; Stenchikov, G.; El-Fadel, M.

    2017-02-01

    A set of ten downscaling simulations at high spatial resolution (3 km horizontally) were performed using the Weather Research and Forecasting (WRF) model to generate future climate projections of annual and seasonal temperature and precipitation changes over the Eastern Mediterranean (with a focus on Lebanon). The model was driven with the High Resolution Atmospheric Model (HiRAM), running over the whole globe at a resolution of 25 km, under the conditions of two Representative Concentration Pathways (RCP) (4.5 and 8.5). Each downscaling simulation spanned one year. Two past years (2003 and 2008), also forced by HiRAM without data assimilation, were simulated to evaluate the model's ability to capture the cold and wet (2003) and hot and dry (2008) extremes. The downscaled data were in the range of recent observed climatic variability, and therefore corrected for the cold bias of HiRAM. Eight future years were then selected based on an anomaly score that relies on the mean annual temperature and accumulated precipitation to identify the worst year per decade from a water resources perspective. One hot and dry year per decade, from 2011 to 2050, and per scenario was simulated and compared to the historic 2008 reference. The results indicate that hot and dry future extreme years will be exacerbated and the study area might be exposed to a significant decrease in annual precipitation (rain and snow), reaching up to 30% relative to the current extreme conditions.

  12. Future intensification of hydro-meteorological extremes: downscaling using the weather research and forecasting model

    KAUST Repository

    El-Samra, R.

    2017-02-15

    A set of ten downscaling simulations at high spatial resolution (3 km horizontally) were performed using the Weather Research and Forecasting (WRF) model to generate future climate projections of annual and seasonal temperature and precipitation changes over the Eastern Mediterranean (with a focus on Lebanon). The model was driven with the High Resolution Atmospheric Model (HiRAM), running over the whole globe at a resolution of 25 km, under the conditions of two Representative Concentration Pathways (RCP) (4.5 and 8.5). Each downscaling simulation spanned one year. Two past years (2003 and 2008), also forced by HiRAM without data assimilation, were simulated to evaluate the model’s ability to capture the cold and wet (2003) and hot and dry (2008) extremes. The downscaled data were in the range of recent observed climatic variability, and therefore corrected for the cold bias of HiRAM. Eight future years were then selected based on an anomaly score that relies on the mean annual temperature and accumulated precipitation to identify the worst year per decade from a water resources perspective. One hot and dry year per decade, from 2011 to 2050, and per scenario was simulated and compared to the historic 2008 reference. The results indicate that hot and dry future extreme years will be exacerbated and the study area might be exposed to a significant decrease in annual precipitation (rain and snow), reaching up to 30% relative to the current extreme conditions.

  13. Realization of Interdisciplinary Communications of Fundamental Disciplines and Disciplines of Mathematical Cycle in the Preparation of Future Programmers

    Directory of Open Access Journals (Sweden)

    Miсhaеl Lvov

    2016-02-01

    Full Text Available The article is devoted to interdisciplinary communication in the process of preparation of the future programmers and implementation of the basic principles of these relations in the study of disciplines of professional and practical training and math courses. The article deals with the role of interdisciplinary connections, as well as their function and significance for the formation of cognitive activity, independence and positive learning motivation. The focus is on methodological aspects of realization of interdisciplinary communications at studying basic disciplines of training future programmers and disciplines of mathematical cycle. In particular, the issues of realization of interdisciplinary communications during the study such disciplines as "Computer graphics, computational geometry," "Basics of algorithms and programming", "Programming Technologies" and the course "Analytical geometry and linear algebra", which included in to normative part of the training of programmers. This article describes the theoretical aspects of the implementation of interdisciplinary connections in the study of these disciplines, as well as examples of practical tasks with which these relationships can be implemented most effectively during training

  14. Harmful algal blooms and climate change: Learning from the past and present to forecast the future

    Science.gov (United States)

    Wells, Mark L.; Trainer, Vera L.; Smayda, Theodore J.; Karlson, Bengt S.O.; Trick, Charles G.; Kudela, Raphael M.; Ishikawa, Akira; Bernard, Stewart; Wulff, Angela; Anderson, Donald M.; Cochlan, William P.

    2015-01-01

    Climate change pressures will influence marine planktonic systems globally, and it is conceivable that harmful algal blooms may increase in frequency and severity. These pressures will be manifest as alterations in temperature, stratification, light, ocean acidification, precipitation-induced nutrient inputs, and grazing, but absence of fundamental knowledge of the mechanisms driving harmful algal blooms frustrates most hope of forecasting their future prevalence. Summarized here is the consensus of a recent workshop held to address what currently is known and not known about the environmental conditions that favor initiation and maintenance of harmful algal blooms. There is expectation that harmful algal bloom (HAB) geographical domains should expand in some cases, as will seasonal windows of opportunity for harmful algal blooms at higher latitudes. Nonetheless there is only basic information to speculate upon which regions or habitats HAB species may be the most resilient or susceptible. Moreover, current research strategies are not well suited to inform these fundamental linkages. There is a critical absence of tenable hypotheses for how climate pressures mechanistically affect HAB species, and the lack of uniform experimental protocols limits the quantitative cross-investigation comparisons essential to advancement. A HAB “best practices” manual would help foster more uniform research strategies and protocols, and selection of a small target list of model HAB species or isolates for study would greatly promote the accumulation of knowledge. Despite the need to focus on keystone species, more studies need to address strain variability within species, their responses under multifactorial conditions, and the retrospective analyses of long-term plankton and cyst core data; research topics that are departures from the norm. Examples of some fundamental unknowns include how larger and more frequent extreme weather events may break down natural biogeographic

  15. Forecasting East Asian Indices Futures via a Novel Hybrid of Wavelet-PCA Denoising and Artificial Neural Network Models

    Science.gov (United States)

    2016-01-01

    The motivation behind this research is to innovatively combine new methods like wavelet, principal component analysis (PCA), and artificial neural network (ANN) approaches to analyze trade in today’s increasingly difficult and volatile financial futures markets. The main focus of this study is to facilitate forecasting by using an enhanced denoising process on market data, taken as a multivariate signal, in order to deduct the same noise from the open-high-low-close signal of a market. This research offers evidence on the predictive ability and the profitability of abnormal returns of a new hybrid forecasting model using Wavelet-PCA denoising and ANN (named WPCA-NN) on futures contracts of Hong Kong’s Hang Seng futures, Japan’s NIKKEI 225 futures, Singapore’s MSCI futures, South Korea’s KOSPI 200 futures, and Taiwan’s TAIEX futures from 2005 to 2014. Using a host of technical analysis indicators consisting of RSI, MACD, MACD Signal, Stochastic Fast %K, Stochastic Slow %K, Stochastic %D, and Ultimate Oscillator, empirical results show that the annual mean returns of WPCA-NN are more than the threshold buy-and-hold for the validation, test, and evaluation periods; this is inconsistent with the traditional random walk hypothesis, which insists that mechanical rules cannot outperform the threshold buy-and-hold. The findings, however, are consistent with literature that advocates technical analysis. PMID:27248692

  16. Reconstruction of the Past and Forecast of the Future European and British Ice Sheets and Associated Sea–Level Change

    OpenAIRE

    Hagdorn, Magnus K M

    2003-01-01

    The aim of this project is to improve our understanding of the past European and British ice sheets as a basis for forecasting their future. The behaviour of these ice sheets is investigated by simulating them using a numerical model and comparing model results with geological data including relative sea–level change data. In order to achieve this aim, a coupled ice sheet/lithosphere model is developed. Ice sheets form an integral part of the Earth system. They affect the plane...

  17. Forecast Forecasts the Trend

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    The latest release of "2009 China Luxury Forecast" shows that while the financial crisis is leading a general decline in demand for luxury brands in Europe,America and Japan,the global economic downturn has had limited impact on Chinese luxury consumption and that there is widespread confidence in the future among Chinese luxury consumers.

  18. Forecast Forecasts the Trend

    Institute of Scientific and Technical Information of China (English)

    Wang Ting

    2009-01-01

    @@ The latest release of "2009 China Luxury Forecast" shows that while the financial crisis is leading a general decline in demand for luxury brands in Europe,America and Japan,the global economic downturn has had limited impact on Chinese luxury consumption and that there is widespread confidence in the future among Chinese luxury consumers.

  19. Impact of currents and futures altimetric missions on ocean analysis and forecasting

    Science.gov (United States)

    Verrier, Simon; Le Traon, Pierre-Yves; Remy, Elisabeth

    2016-04-01

    Mercator Ocean, as a major operational oceanography center, must adapt its modeling and data assimilation systems regarding new measurements technologies. As satellite altimetry is one of the major observing systems to constrain ocean models, it is a main concern to assess the impact of the current and future altimeter constellation. The study is based on the OSSE/OSE's (Observing System Simulation Experiments/Observing System Experiments) methods. OSSEs are carried out with a global 1/4° modeling and data assimilation system similar to the operational one but using simulated dataset of observations (altimetry here) in order to assess their contribution and to test the sensitivity of results to different parameters (errors, observation density, type of observations). The SAR technology allows a lower measurement noise close to 1 cm and much better than the LRM's 3cm noise. It is important to assess and quantify its impact on operational systems with data assimilation. Simulated data sets are extracted from a global free 1/12° run and assimilated in the global 1/4° modeling and data assimilation system. Using the 1/12° simulation is justified by the fact that mesoscale variability is better represented than in a 1/4° one. OSEs are carried using the operational system where some observations have been retrieved. This technic allows to assess wich is the contribution of each altimeter data set in the whole prediction/analysing system. The main goal is to assess how the reduction of measurement noise (SAR/LRM) and number of satellites impact the analysis and forecast errors at global and regional (i.e. Gulf Stream, Agullas Current) scales.

  20. Forecasting Financial Resources for Future Traumatic Spinal Cord Injury Care Using Simulation Modeling.

    Science.gov (United States)

    Ahn, Henry; Lewis, Rachel; Santos, Argelio; Cheng, Christiana L; Noonan, Vanessa K; Dvorak, Marcel F; Singh, Anoushka; Linassi, A Gary; Christie, Sean; Goytan, Michael; Atkins, Derek

    2017-08-24

    Survivors of traumatic spinal cord injury (tSCI) have intense healthcare needs during acute and rehabilitation care and often through the rest of life. To prepare for a growing and aging population, simulation modeling was used to forecast the change in healthcare financial resources and long-term patient outcomes between 2012 and 2032. The model was developed with data from acute and rehabilitation care facilities across Canada participating in the Access to Care and Timing project. Future population and tSCI incidence for 2012 and 2032 were predicted with data from Statistics Canada and the Canadian Institute for Health Information. The projected tSCI incidence for 2012 was validated with actual data from the Rick Hansen SCI Registry of the participating facilities. Using a medium growth scenario, in 2032, the projected median age of persons with tSCI is 57 and persons 61 and older will account for 46% of injuries. Admissions to acute and rehabilitation facilities in 2032 were projected to increase by 31% and 25%, respectively. Because of the demographic shift to an older population, an increase in total population life expectancy with tSCI of 13% was observed despite a 22% increase in total life years lost to tSCI between 2012 and 2032. Care cost increased 54%, and rest of life cost increased 37% in 2032, translating to an additional CAD $16.4 million. With the demographics and management of tSCI changing with an aging population, accurate projections for the increased demand on resources will be critical for decision makers when planning the delivery of healthcare after tSCI.

  1. Forecasting Trends in Disability in a Super-Aging Society: Adapting the Future Elderly Model to Japan.

    Science.gov (United States)

    Chen, Brian K; Jalal, Hawre; Hashimoto, Hideki; Suen, Sze-Chuan; Eggleston, Karen; Hurley, Michael; Schoemaker, Lena; Bhattacharya, Jay

    2016-12-01

    Japan has experienced pronounced population aging, and now has the highest proportion of elderly adults in the world. Yet few projections of Japan's future demography go beyond estimating population by age and sex to forecast the complex evolution of the health and functioning of the future elderly. This study estimates a new state-transition microsimulation model - the Japanese Future Elderly Model (FEM) - for Japan. We use the model to forecast disability and health for Japan's future elderly. Our simulation suggests that by 2040, over 27 percent of Japan's elderly will exhibit 3 or more limitations in IADLs and social functioning; almost one in 4 will experience difficulties with 3 or more ADLs; and approximately one in 5 will suffer limitations in cognitive or intellectual functioning. Since the majority of the increase in disability arises from the aging of the Japanese population, prevention efforts that reduce age-specific morbidity can help reduce the burden of disability but may have only a limited impact on reducing the overall prevalence of disability among Japanese elderly. While both age and morbidity contribute to a predicted increase in disability burden among elderly Japanese in the future, our simulation results suggest that the impact of population aging exceeds the effect of age-specific morbidity on increasing disability in Japan's future.

  2. Cost Optimization of Water Resources in Pernambuco, Brazil: Valuing Future Infrastructure and Climate Forecasts

    Science.gov (United States)

    Kumar, Ipsita; Josset, Laureline; Lall, Upmanu; Cavalcanti e Silva, Erik; Cordeiro Possas, José Marcelo; Cauás Asfora, Marcelo

    2017-04-01

    Optimal management of water resources is paramount in semi-arid regions to limit strains on the society and economy due to limited water availability. This problem is likely to become even more recurrent as droughts are projected to intensify in the coming years, causing increasing stresses to the water supply in the concerned areas. The state of Pernambuco, in the Northeast Brazil is one such case, where one of the largest reservoir, Jucazinho, has been at approximately 1% capacity throughout 2016, making infrastructural challenges in the region very real. To ease some of the infrastructural stresses and reduce vulnerabilities of the water system, a new source of water from Rio São Francisco is currently under development. Till its development, water trucks have been regularly mandated to cover water deficits, but at a much higher cost, thus endangering the financial sustainability of the region. In this paper, we propose to evaluate the sustainability of the considered water system by formulating an optimization problem and determine the optimal operations to be conducted. We start with a comparative study of the current and future infrastructures capabilities to face various climate. We show that while the Rio Sao Francisco project mitigates the problems, both implementations do not prevent failure and require the reliance on water trucks during prolonged droughts. We also study the cost associated with the provision of water to the municipalities for several streamflow forecasts. In particular, we investigate the value of climate predictions to adapt operational decisions by comparing the results with a fixed policy derived from historical data. We show that the use of climate information permits the reduction of the water deficit and reduces overall operational costs. We conclude with a discussion on the potential of the approach to evaluate future infrastructure developments. This study is funded by the Inter-American Development Bank (IADB), and in

  3. Evaluation of real time and future global monitoring and forecasting systems at Mercator Océan

    Directory of Open Access Journals (Sweden)

    J.-M. Lellouche

    2012-03-01

    Full Text Available Since December 2010, the global analysis and forecast of the MyOcean system consists in the Mercator Océan NEMO global 1/4° configuration with a 1/12° "zoom" over the Atlantic and Mediterranean Sea. The zoom open boundaries come from the global 1/4° at 20° S and 80° N.

    The data assimilation uses a reduced order Kalman filter with a 3-D multivariate modal decomposition of the forecast error. It includes an adaptative error and a localization algorithm. A 3D-Var scheme corrects for the slowly evolving large-scale biases in temperature and salinity.

    Altimeter data, satellite temperature and in situ temperature and salinity vertical profiles are jointly assimilated to estimate the initial conditions for the numerical ocean forecasting.

    This paper gives a description of the recent systems. The validation procedure is introduced and applied to the current and future systems. This paper shows how the validation impacts on the quality of the systems. It is shown how quality check (in situ, drifters and data source (satellite temperature impacts as much as the systems design (model physics and assimilation parameters. The validation demonstrates the accuracy of the MyOcean global products. Their quality is stable in time. The future systems under development still suffer from a drift. This could only be detected with a 5 yr hindcast of the systems. This emphasizes the need for continuous research efforts in the process of building future versions of MyOcean2 forecasting capacities.

  4. FINANCIAL FUTURE PROSPECT INVESTIGATION USING BANKRUPTCY FORECASTING MODELS IN HUNGARIAN MEAT PROCESSING INDUSTRY

    Directory of Open Access Journals (Sweden)

    Dalma Peto

    2015-07-01

    Full Text Available Our main research topic is the analysis of leading companies in the Hungarian meat processing industry in terms of liquidity criteria. We examine this scientific subject by application of financial indicators and several important bankruptcy forecasting models. In our thesis the emphasis is placed on the presentation and evaluation of business failure models. The topicality of the research subject is rooted in the economic crisis and recession, which made solvency a key issue. Maintaining the competitive position in the market and the ability to stay in competition depend on the capability to generate an appropriate level of net operative cash flow. The most important research questions are the following. Which financial methods can be used to predict and estimate the situation when a company is facing bankruptcy? Do bankruptcy forecasting models provide accurate forecasts and what conclusions can be drawn based on these results? In our study we present the actual economic situation and the main problems of the sector, select the sample companies, calculate and compare the applied financial ratios and the most relevant bankruptcy forecasting models. On the basis of annual reports concerning 2010-2013 interval we investigate the financial position of leading pork processing companies. We make a comprehensive and comparative analysis concerning capital structure, liquidity, and profitability; consequently identify risky processes and companies having high probability of insolvency. Finally, we demonstrate and evaluate the results of three traditional bankruptcy forecasting models (Altman, Springate, and Fulmer and four modern models (DA, LR, industrial DA and industrial LR.

  5. Experience of genetic forecasts for world energy: Can we foresee the distant future?

    Science.gov (United States)

    Klimenko, V. V.

    2014-10-01

    It has been established that the historical approach to forecasting world energy can yield useful results at time horizons with a depth of several decades. The genetic forecast supposes the stabilization of global energy consumption at the level of 30 billion tons of coal equivalent and an increase in the carbon dioxide concentration almost to 500 parts per million by the end of the century. From the historical point of view, implementation of the most aggressive IPCC scenarios of human impact seems to be very unlikely.

  6. Determination of SLR station coordinates on the basis of tracking 45 GNSS satellites: benefits for future ITRF realizations

    Science.gov (United States)

    Sośnica, Krzysztof; Bury, Grzegorz; Zajdel, Radosław; Kaźmierski, Kamil; Drożdżewski, Mateusz

    2017-04-01

    The SLR station coordinates and SLR-derived Earth Rotation Parameters (ERPs) are typically derived on the basis of SLR tracking of four spherical geodetic satellites: two LAGEOS and two Etalons. Between 2014 and 2016, the International Laser Ranging Service (ILRS) initiated four intensive SLR tracking campaigns for Galileo and three campaigns devoted to tracking all GNSS spacecraft. As a result, the number of SLR observations and the number of tracked GNSS satellites have dramatically increased allowing for determining SLR station coordinates and ERPs solely on the basis of SLR tracking of GNSS satellites. This paper shows, for the first time, the solution in which the SLR station coordinates, geocenter motion, and ERPs are determined using the SLR observations to 26 GLONASS, 14 Galileo, 2 BeiDou IGSO, 2 BeiDou MEO, and 1 QZSS satellite. We compare the SLR station coordinate stability derived from GNSS-based results to the LAGEOS-only solution and from a combined 'SLR to GNSS+LAGEOS' solution. We address the issues related to the GNSS orbit determination using sparse SLR data and the issues related to handling range biases in the GNSS solutions. We found that the coordinate stability of those SLR stations which provide a large number of GNSS observations can remarkably be improved. The Length-of-day parameter can be derived from SLR-GNSS solutions with a much better accuracy than from the LAGEOS-only solutions. Finally, we show that the SLR tracking of GNSS satellites improves the consistency between SLR and GNSS solutions, and thus, can be beneficial for the future ITRF realizations.

  7. The future prospects of Lithuanian family physicians: a 10-year forecasting study

    Directory of Open Access Journals (Sweden)

    Padaiga Zilvinas

    2005-10-01

    account 1.1% annual migration rate, stable enrolment to residency programs and later retirement, appears to be the most probable. The first requirement scenario, which was based on the opinion of well-informed key experts in the field, appears to be the best reflection of FP requirements; however none of the supply scenarios considered would satisfy these requirements. Conclusion Despite the rapid expansion of the FP workforce during the last fifteen years, ten-year forecasts of supply and requirement indicate that the number of FPs in 2015 will not be sufficient. The annual enrolment in residency training programs should be increased by at least 20% for the next three years. Accurate year-by-year monitoring of the workforce is crucial in order to prevent future shortages and to maintain the desired family physician workforce.

  8. Improving Aerosol and Visibility Forecasting Capabilities Using Current and Future Generations of Satellite Observations

    Science.gov (United States)

    2015-08-27

    retrievals . 15. SUBJECT TERMS ’ Aerosol, data assimilation, satellite remote sensing, visibility forecast, electro-optical propagation 16. SECURITY...innovative methods for retrieving aerosol optical depth at nighttime using Visible Infrared Imaging Radiometer Suite (VIIRS) data (Johnson et al...Orthogonal Polarization (CALIOP) aerosol and cloud layer products, as well as collocated Ozone Monitoring Instrument (OMI) Aerosol Index (Al) data and

  9. A hybrid approach for probabilistic forecasting of electricity price

    DEFF Research Database (Denmark)

    Wan, Can; Xu, Zhao; Wang, Yelei

    2014-01-01

    The electricity market plays a key role in realizing the economic prophecy of smart grids. Accurate and reliable electricity market price forecasting is essential to facilitate various decision making activities of market participants in the future smart grid environment. However, due...... to probabilistic interval forecasts can be of great importance to quantify the uncertainties of potential forecasts, thus effectively supporting the decision making activities against uncertainties and risks ahead. This paper proposes a hybrid approach to construct prediction intervals of MCPs with a two...... electricity price forecasting is proposed in this paper. The effectiveness of the proposed hybrid method has been validated through comprehensive tests using real price data from Australian electricity market....

  10. Forecasting with Option-Implied Information

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Jacobs, Kris; Chang, Bo Young

    2013-01-01

    This chapter surveys the methods available for extracting information from option prices that can be used in forecasting. We consider option-implied volatilities, skewness, kurtosis, and densities. More generally, we discuss how any forecasting object that is a twice differentiable function...... of the future realization of the underlying risky asset price can utilize option-implied information in a well-defined manner. Going beyond the univariate option-implied density, we also consider results on option-implied covariance, correlation and beta forecasting, as well as the use of option......-implied information in cross-sectional forecasting of equity returns. We discuss how option-implied information can be adjusted for risk premia to remove biases in forecasting regressions....

  11. How well can we forecast future model error and uncertainty by mining past model performance data

    Science.gov (United States)

    Solomatine, Dimitri

    2016-04-01

    ) method by Koenker and Basset in which linear regression is used to build predictive models for distribution quantiles [1] (b) the UNEEC method [2,3,7] which takes into account the input variables influencing such uncertainty and uses more advanced machine learning (non-linear) methods (e.g. neural networks or k-NN method) (c) the recent DUBRAE method (Dynamic Uncertainty Model By Regression on Absolute Error), a autoregressive model of model residuals which first corrects the model residual and then employs an autoregressive statistical model for uncertainty prediction) [5] 2. The data uncertainty (parametric and/or input) - in this case we study the propagation of uncertainty (presented typically probabilistically) from parameters or inputs to the model outputs. For real complex non-linear functions (models) implemented in software various versions of the Monte Carlo simulation are used: values of parameters or inputs are sampled from the assumed distributions and the model is run multiple times to generate multiple outputs. The data generated by Monte Carlo analysis can be used to build a machine learning model which will be able to make predictions of model uncertainty for the future his method is named MLUE (Machine Learning for Uncertainty Estimation) and is covered in [4,6]. 3. Structural uncertainty stemming from inadequate model structure. The paper discusses the possibilities and experiences of building the models able to forecast (rather than analyse) residual and parametric uncertainty of hydrological models. References [1] Koenker, R., and G. Bassett (1978). Regression quantiles. Econometrica, 46(1), 33- 50, doi:10.2307/1913643. [2] D.L. Shrestha, D.P. Solomatine (2006). Machine learning approaches for estimation of prediction interval for the model output. Neural Networks J., 19(2), 225-235. [3] D.P. Solomatine, D.L. Shrestha (2009). A novel method to estimate model uncertainty using machine learning techniques. Water Resources Res. 45, W00B11. [4] D. L

  12. The strategy of professional forecasting

    DEFF Research Database (Denmark)

    Ottaviani, Marco; Sørensen, Peter Norman

    2006-01-01

    We develop and compare two theories of professional forecasters’ strategic behavior. The first theory, reputational cheap talk, posits that forecasters endeavor to convince the market that they are well informed. The market evaluates their forecasting talent on the basis of the forecasts...... and the realized state. If the market expects forecasters to report their posterior expectations honestly, then forecasts are shaded toward the prior mean. With correct market expectations, equilibrium forecasts are imprecise but not shaded. The second theory posits that forecasters compete in a forecasting...... contest with pre-specified rules. In a winner-take-all contest, equilibrium forecasts are excessively differentiated...

  13. Future Economics of Liver Transplantation: A 20-Year Cost Modeling Forecast and the Prospect of Bioengineering Autologous Liver Grafts.

    Science.gov (United States)

    Habka, Dany; Mann, David; Landes, Ronald; Soto-Gutierrez, Alejandro

    2015-01-01

    During the past 20 years liver transplantation has become the definitive treatment for most severe types of liver failure and hepatocellular carcinoma, in both children and adults. In the U.S., roughly 16,000 individuals are on the liver transplant waiting list. Only 38% of them will receive a transplant due to the organ shortage. This paper explores another option: bioengineering an autologous liver graft. We developed a 20-year model projecting future demand for liver transplants, along with costs based on current technology. We compared these cost projections against projected costs to bioengineer autologous liver grafts. The model was divided into: 1) the epidemiology model forecasting the number of wait-listed patients, operated patients and postoperative patients; and 2) the treatment model forecasting costs (pre-transplant-related costs; transplant (admission)-related costs; and 10-year post-transplant-related costs) during the simulation period. The patient population was categorized using the Model for End-Stage Liver Disease score. The number of patients on the waiting list was projected to increase 23% over 20 years while the weighted average treatment costs in the pre-liver transplantation phase were forecast to increase 83% in Year 20. Projected demand for livers will increase 10% in 10 years and 23% in 20 years. Total costs of liver transplantation are forecast to increase 33% in 10 years and 81% in 20 years. By comparison, the projected cost to bioengineer autologous liver grafts is $9.7M based on current catalog prices for iPS-derived liver cells. The model projects a persistent increase in need and cost of donor livers over the next 20 years that's constrained by a limited supply of donor livers. The number of patients who die while on the waiting list will reflect this ever-growing disparity. Currently, bioengineering autologous liver grafts is cost prohibitive. However, costs will decline rapidly with the introduction of new manufacturing

  14. Future Economics of Liver Transplantation: A 20-Year Cost Modeling Forecast and the Prospect of Bioengineering Autologous Liver Grafts.

    Directory of Open Access Journals (Sweden)

    Dany Habka

    Full Text Available During the past 20 years liver transplantation has become the definitive treatment for most severe types of liver failure and hepatocellular carcinoma, in both children and adults. In the U.S., roughly 16,000 individuals are on the liver transplant waiting list. Only 38% of them will receive a transplant due to the organ shortage. This paper explores another option: bioengineering an autologous liver graft. We developed a 20-year model projecting future demand for liver transplants, along with costs based on current technology. We compared these cost projections against projected costs to bioengineer autologous liver grafts. The model was divided into: 1 the epidemiology model forecasting the number of wait-listed patients, operated patients and postoperative patients; and 2 the treatment model forecasting costs (pre-transplant-related costs; transplant (admission-related costs; and 10-year post-transplant-related costs during the simulation period. The patient population was categorized using the Model for End-Stage Liver Disease score. The number of patients on the waiting list was projected to increase 23% over 20 years while the weighted average treatment costs in the pre-liver transplantation phase were forecast to increase 83% in Year 20. Projected demand for livers will increase 10% in 10 years and 23% in 20 years. Total costs of liver transplantation are forecast to increase 33% in 10 years and 81% in 20 years. By comparison, the projected cost to bioengineer autologous liver grafts is $9.7M based on current catalog prices for iPS-derived liver cells. The model projects a persistent increase in need and cost of donor livers over the next 20 years that's constrained by a limited supply of donor livers. The number of patients who die while on the waiting list will reflect this ever-growing disparity. Currently, bioengineering autologous liver grafts is cost prohibitive. However, costs will decline rapidly with the introduction of new

  15. Future mission studies: Forecasting solar flux directly from its chaotic time series

    Science.gov (United States)

    Ashrafi, S.

    1991-01-01

    The mathematical structure of the programs written to construct a nonlinear predictive model to forecast solar flux directly from its time series without reference to any underlying solar physics is presented. This method and the programs are written so that one could apply the same technique to forecast other chaotic time series, such as geomagnetic data, attitude and orbit data, and even financial indexes and stock market data. Perhaps the most important application of this technique to flight dynamics is to model Goddard Trajectory Determination System (GTDS) output of residues between observed position of spacecraft and calculated position with no drag (drag flag = off). This would result in a new model of drag working directly from observed data.

  16. Support vector machine method for forecasting future strong earthquakes in Chinese mainland

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Statistical learning theory is for small-sample statistics. And support vector machine is a new machine learning method based on the statistical learning theory. The support vector machine not only has solved certain problems in many learning methods, such as small sample, over fitting, high dimension and local minimum, but also has a higher generalization (forecasting) ability than that of artificial neural networks. The strong earthquakes in Chinese mainland are related to a certain extent to the intensive seismicity along the main plate boundaries in the world,however, the relation is nonlinear. In the paper, we have studied this unclear relation by the support vector machine method for the purpose of forecasting strong earthquakes in Chinese mainland.

  17. Improving Aerosol and Visibility Forecasting Capabilities Using Current and Future Generations of Satellite Observations

    Science.gov (United States)

    2015-08-27

    indicate that the assimilation of satellite observations significantly improves NAAPS aerosol forecasting capability and reliability. To fully utilize...method derives a semi-quantitative indicator of nighttime x using artificial light sources. Nighttime x retrievals from the newly-developed method are...Kemper, T. Craig, I. Ginis , Evaluation of Maine aerosol production simulated using the WaveWatchlll prognostic Wave Model coupled to the Community

  18. Ten-year operational dust forecasting - Recent model development and future plans

    Energy Technology Data Exchange (ETDEWEB)

    Kallos, G; Spyrou, C; Astitha, M; Mitsakou, C; Solomos, S; Kushta, J; Pytharoulis, I; Katsafados, P; Mavromatidis, E; Papantoniou, N; Vlastou, G [University of Athens, School of Physics, Atmospheric Modeling and Weather Forecasting Group - UOA/AM and WFG, University Campus, Bldg. PHYS-V, Athens 15784 (Greece)], E-mail: kallos@mg.uoa.gr

    2009-03-01

    The Sahara desert is one of the major sources of mineral dust on Earth, producing up to 2x10{sup 8} t yr-{sup 1}. A combined effort has been devoted during the last ten years at the University of Athens (UOA) from the Atmospheric Modeling and Weather Forecasting Group (AM and WFG) to the development of an analysis and forecasting tool that will provide early warning of Saharan dust outbreaks. The developed tool is the SKIRON limited-area forecasting system, based on the Eta limited area modeling system with embedded algorithms describing the dust cycle. A new version of the model is currently available, with extra features like eight-size particle bins, radiative transfer corrections, new dust source identification and utilization of rocky soil characterization and incorporation of more accurate deposition schemes. The new version of SKIRON modeling system is coupled with the photochemical model CAMx in order to study processes like the shading effect of dust particles on photochemical processes and the production of second and third generation of aerosols. Moreover, another new development in the AM and WFG is based on the RAMS model, with the incorporation of processes like dust and sea-salt production, gas and aqueous phase chemistry and particle formation. In this study, the major characteristics of the developed (and under development) modeling systems are presented, as well as the spatiotemporal distribution of the transported dust amounts, the interaction with anthropogenically-produced particles and the potential implications on radiative transfer.

  19. Informing policy makers about future health spending: a comparative analysis of forecasting methods in OECD countries.

    Science.gov (United States)

    Astolfi, Roberto; Lorenzoni, Luca; Oderkirk, Jillian

    2012-09-01

    Concerns about health care expenditure growth and its long-term sustainability have risen to the top of the policy agenda in many OECD countries. As continued growth in spending places pressure on government budgets, health services provision and patients' personal finances, policy makers have launched forecasting projects to support policy planning. This comparative analysis reviewed 25 models that were developed for policy analysis in OECD countries by governments, research agencies, academics and international organisations. We observed that the policy questions that need to be addressed drive the choice of forecasting model and the model's specification. By considering both the level of aggregation of the units analysed and the level of detail of health expenditure to be projected, we identified three classes of models: micro, component-based, and macro. Virtually all models account for demographic shifts in the population, while two important influences on health expenditure growth that are the least understood include technological innovation and health-seeking behaviour. The landscape for health forecasting models is dynamic and evolving. Advances in computing technology and increases in data granularity are opening up new possibilities for the generation of system of models which become an on-going decision support tool capable of adapting to new questions as they arise. Copyright © 2012 Elsevier Ireland Ltd. All rights reserved.

  20. Forecasting Exchange Rate Volatility in the Presence of Jumps

    DEFF Research Database (Denmark)

    Busch, Thomas; Christensen, Bent Jesper; Nielsen, Morten Ørregaard

    of exchange rate futures options, allowingcalculation of option implied volatility. We find that implied volatility is an informationallyefficient but biased forecast of future realized exchange rate volatility. Furthermore,we show that log-normality is an even better distributional approximation...... for impliedvolatility than for realized volatility in this market. Finally, we show that the jump componentof future realized exchange rate volatility is to some extent predictable, and thatoption implied volatility is the dominant forecast of the future jump component.......We study measures of foreign exchange rate volatility based on high-frequency (5-minute) $/DM exchange rate returns using recent nonparametric statistical techniquesto compute realized return volatility and its separate continuous sample path and jumpcomponents, and measures based on prices...

  1. Forecasting Exchange Rate Volatility in the Presence of Jumps

    OpenAIRE

    Busch, Thomas; Christensen, Bent Jesper; Nielsen, Morten Ørregaard

    2005-01-01

    We study measures of foreign exchange rate volatility based on high-frequency (5-minute) $/DM exchange rate returns using recent nonparametric statistical techniques to compute realized return volatility and its separate continuous sample path and jump components, and measures based on prices of exchange rate futures options, allowing calculation of option implied volatility. We find that implied volatility is an informationally efficient but biased forecast of future realized exchange rate v...

  2. Towards Sustaining Water Resources and Aquatic Ecosystems: Forecasting Watershed Risks to Current and Future Land Use Change

    Science.gov (United States)

    Lohse, K. A.; Newburn, D.; Opperman, J. J.; Brooks, C.; Merenlender, A.

    2005-05-01

    Sustaining aquatic resources requires managing existing threats and anticipating future impacts. Resource managers and planners often have limited understanding of the relative effects of human activities on stream conditions and how these effects will change over time. Here we assess and forecast the relative impacts of land use on sediment concentrations in Mediterranean-climate watersheds in California. We focus on the Russian River basin, which supports threatened salmonid populations vulnerable to high levels of fine sediment. We ask the following questions: (1) What are the relative impacts of three different land uses (urban, exurban and agriculture) on the patterns of fine sediment in streams? (2) What is the relative contribution of past and current changes in land use activities on these patterns? and (3) What are the effects of future development on these sediment levels? First, we characterized land use at the parcel scale to calibrate the relative impacts of exurban and urban land use on stream substrate quality, characterized by the concentration of fine sediment surrounding spawning gravels (`embeddedness') in 105 stream reaches. Second, we built multiple ordinal logistic regression models on a subset of watersheds (n=64) and then evaluated substrate quality predictions against observed data from another set of watersheds (n=41). Finally, we coupled these models with spatially explicit land use change models to project future stream conditions and associated uncertainties under different development scenarios for the year 2010. We found that the percent of urban housing and agriculture were significant predictors of in-stream embeddedness. Model results from parcel-level land use data indicated that changes in development were better predictors of fine sediment than total development in a single time period. In addition, our results indicate that exurban development is an important threat to stream systems; increases in the percent of total exurban

  3. Innovation Forecasting

    Science.gov (United States)

    1997-11-01

    relating to “ injectors ”) to develop a map of the related technologies [33.] Another approach is to develop a “tree” showing a system branching into its...additional terms such as “trend,” “forecast,” “ delphi ,” “assessment,” and so forth may call up other forecasts and assessments relating to the topic...present and future engine technologies. A preliminary search (Step 1, Table 5) located prior forecasts, in particular, a Delphi study [36]. The Delphi

  4. Current Usage and Future Prospects of Multispectral (RGB) Satellite Imagery in Support of NWS Forecast Offices and National Centers

    Science.gov (United States)

    Molthan, Andrew L.; Fuell, Kevin K.; Knaff, John; Lee, Thomas

    2012-01-01

    Current and future satellite sensors provide remotely sensed quantities from a variety of wavelengths ranging from the visible to the passive microwave, from both geostationary and low-Earth orbits. The NASA Short-term Prediction Research and Transition (SPoRT) Center has a long history of providing multispectral imagery from the Moderate Resolution Imaging Spectroradiometer (MODIS) aboard NASA s Terra and Aqua satellites in support of NWS forecast office activities. Products from MODIS have recently been extended to include a broader suite of multispectral imagery similar to those developed by EUMETSAT, based upon the spectral channel s available from the Spinning Enhanced Visible and InfraRed Imager (SEVIRI) aboard METEOSAT-9. This broader suite includes products that discriminate between air mass types associated with synoptic-scale features, assists in the identification of dust, and improves upon paired channel difference detection of fog and low cloud events. Similarly, researchers at NOAA/NESDIS and CIRA have developed air mass discrimination capabilities using channels available from the current GOES Sounders. Other applications of multispectral composites include combinations of high and low frequency, horizontal and vertically polarized passive microwave brightness temperatures to discriminate tropical cyclone structures and other synoptic-scale features. Many of these capabilities have been transitioned for evaluation and operational use at NWS Weather Forecast Offices and National Centers through collaborations with SPoRT and CIRA. Future instruments will continue the availability of these products and also expand upon current capabilities. The Advanced Baseline Imager (ABI) on GOES-R will improve the spectral, spatial, and temporal resolution of our current geostationary capabilities, and the recent launch of the Suomi National Polar-Orbiting Partnership (S-NPP) carries instruments such as the Visible Infrared Imager Radiometer Suite (VIIRS), the Cross

  5. Forecasting the probability of future groundwater levels declining below specified low thresholds in the conterminous U.S.

    Science.gov (United States)

    Dudley, Robert W.; Hodgkins, Glenn A.; Dickinson, Jesse

    2017-01-01

    We present a logistic regression approach for forecasting the probability of future groundwater levels declining or maintaining below specific groundwater-level thresholds. We tested our approach on 102 groundwater wells in different climatic regions and aquifers of the United States that are part of the U.S. Geological Survey Groundwater Climate Response Network. We evaluated the importance of current groundwater levels, precipitation, streamflow, seasonal variability, Palmer Drought Severity Index, and atmosphere/ocean indices for developing the logistic regression equations. Several diagnostics of model fit were used to evaluate the regression equations, including testing of autocorrelation of residuals, goodness-of-fit metrics, and bootstrap validation testing. The probabilistic predictions were most successful at wells with high persistence (low month-to-month variability) in their groundwater records and at wells where the groundwater level remained below the defined low threshold for sustained periods (generally three months or longer). The model fit was weakest at wells with strong seasonal variability in levels and with shorter duration low-threshold events. We identified challenges in deriving probabilistic-forecasting models and possible approaches for addressing those challenges.

  6. 水质灰色预测模型在VBA中的实现%Realizing Water Quality Grey Forecasting Model in VBA

    Institute of Scientific and Technical Information of China (English)

    吴良忠; 韩波; 韦华

    2013-01-01

    Grey Prediction model is widely used for environmental pollution forecast. According to current reports, the Grey Prediction model based on Matlab and Excel exists the shortcomings such as taking lot of memory and leaving off the formula in the cell. In this paper, the macro-program based on VBA in Excel was built to achieve the Grey Prediction model easily, and it was used to forecast the contaminants in surface water in BeiHai. It showed that the program was short and easy to operate, and the calculation results were accurate and reliable. The program would relieve the users from their tedious manual operation.%灰色预测是环境污染预测应用相当广泛的方法。根据文献报道,基于Matlab和Excel实现灰色预测中存在着占用内存、单元格填埋计算公式等等的不足,因此提出了一种基于VBA在Excel下编写宏程序轻松实现灰色预测的方法,并将其运用到北海市地表水污染物预测。结果表明,本程序简短,操作方便,计算结果准确可靠,彻底把用户从繁琐的手工操作中解放出来。

  7. Forecast for future tendency of RMBexchange rate%对人民币汇率未来走势的预测

    Institute of Scientific and Technical Information of China (English)

    黄玉

    2001-01-01

    Turbulence on finance and foreign exchange always brings important influence for country' s development,people' s life and political safety of state no matter from macroscopic or microcosmic.This paper forecasts the future tendency of RMB exchange rate from the aspects of international revenue and expenditure and national economic situation.%一个国家在金融和外汇汇率方面的动荡,将会给国家宏观和微观经济、国家的发展、人民的生活乃至国家的政治安全带来很大的影响。文中从国际收支及国内经济形势分析两方面预测了人民币汇率未来的走势情况。

  8. Securing America’s Future. Realizing the Potential of the Department of Energy’s National Laboratories

    Energy Technology Data Exchange (ETDEWEB)

    Glauthier, T. J. [TJG Energy Associates, LLC, Bloomberg, VA (United States); Cohon, Jared L. [Carnegie Mellon Univ., Pittsburgh, PA (United States); Augustine, Norman R. [U.S. Dept. of Homeland Security, Washington, DC (United States); Austin, Wanda M. [Aerospace Corporation, El Segundo, CA (United States); Elachi, Charles [California Inst. of Technology (CalTech), Pasadena, CA (United States); Fleury, Paul A. [Yale Univ., New Haven, CT (United States); Hockfield, Susan J. [Massachusetts Inst. of Technology (MIT), Cambridge, MA (United States); Meserve, Richard A. [Covington and Burling LLP, Washington, DC (United States); Murray, Cherry A. [Harvard Univ., Cambridge, MA (United States)

    2015-10-23

    The Department of Energy (DOE) laboratories are national assets that have contributed profoundly to the Nation’s security, scientific leadership, and economic competitiveness. In recognition of the continuing and evolving threats to our security and the dramatic increase in global economic and scientific competition, the laboratories are and will continue to be vitally important. Yet, the contributions of the National Laboratories are not inevitable, nor have they realized their full potential. This final report of the Commission to Review the Effectiveness of the National Energy Laboratories recommends ways the laboratories could overcome challenges to more efficiently and effectively accomplish the work for which they are uniquely suited.

  9. Foreign Exchange Rate Futures Trends: Foreign Exchange Risk or Systematic Forecasting Errors?

    Directory of Open Access Journals (Sweden)

    Marcelo Cunha Medeiros

    2006-12-01

    Full Text Available The forward exchange rate is widely used in international finance whenever the analysis of the expected depreciation is needed. It is also used to identify currency risk premium. The difference between the spot rate and the forward rate is supposed to be a predictor of the future movements of the spot rate. This prediction is hardly precise. The fact that the forward rate is a biased predictor of the future change in the spot rate can be attributed to a currency risk premium. The bias can also be attributed to systematic errors of the future depreciation of the currency. This paper analyzes the nature of the risk premium and of the prediction errors in using the forward rate. It will look into the efficiency and rationality of the futures market in Brazil from April 1995 to December 1998, a period of controled exchange rates.

  10. The global Mercator Ocean analysis and forecasting high resolution system and its main future updates

    Science.gov (United States)

    Lellouche, Jean-Michel; Legalloudec, Olivier; Bourdallé-Badie, Romain; Garric, Gilles; Greiner, Eric; Drévillon, Marie; Regnier, Charly; Testut, Charles-Emmanuel; Benkiran, Mounir; Drillet, Yann

    2015-04-01

    In April 2013, Mercator Ocean has performed a major upgrade of the global 1/12° high resolution system. This system currently delivers daily services, and includes numerous improvements related to the ocean/sea-ice model and the assimilation scheme. Observations are assimilated by means of a reduced-order Kalman filter with a 3D multivariate modal decomposition of the forecast error. It includes an adaptive-error estimate and a localization algorithm. Altimeter data, satellite Sea Surface Temperature and in situ temperature and salinity vertical profiles are jointly assimilated to estimate the initial conditions for numerical ocean forecasting. A 3D-Var scheme provides a correction for the slowly-evolving large-scale biases in temperature and salinity. In April 2015, Mercator Ocean will open the Copernicus Marine Environment Monitoring Service and will be in charge of the global ocean at eddy resolving resolution. In this context, R&D activities conducted during the end of the MyOcean2 and MyOcean follow-on projects to deliver an improved version of the global system will continue throughout 2015. The main new updates we plan to integrate in the next version of the global system concern: 1) A new vertical mixing scheme k-epsilon: vertical physics has been explored with a special focus on the turbulent closure problem to improve the representation of temperature and salinity in the Mixed Layer Depth. 2) An adaptive tuning of observations errors: as the prescription of observation errors in the assimilation systems is often too approximate, some diagnostics have been developed. These diagnostics consist in the computation of the Desroziers ratio which is a function of observation errors, innovations and residuals. It helps to identify inconsistency on the specified observation errors and to tune an adaptive weight coefficient acting on the error of each assimilated observation. 3) The assimilation of sea-ice concentration observations: it is introduced in the

  11. Forecasting life satisfaction across adulthood: benefits of seeing a dark future?

    Science.gov (United States)

    Lang, Frieder R; Weiss, David; Gerstorf, Denis; Wagner, Gert G

    2013-03-01

    Anticipating one's future self is a unique human capacity that contributes importantly to adaptation and health throughout adulthood and old age. Using the adult life span sample of the national German Socio-Economic Panel (SOEP; N > 10,000, age range 18 to 96 years), we investigated age-differential stability, correlates, and outcomes of accuracy in anticipation of future life satisfaction across 6 subsequent 5-year time intervals. As expected, we observed few age differences in current life satisfaction but stronger age differences in future expectations: Younger adults anticipated improved future life satisfaction, overestimating their actual life satisfaction 5 years later. By contrast, older adults were more pessimistic about the future, generally underestimating their actual life satisfaction after 5 years. Such age differences persisted above and beyond the effects of self-rated health and income. Survival analyses revealed that, in later adulthood, underestimating one's life satisfaction 5 years later was related to lower hazard ratios for disability (n = 735 became disabled) and mortality (n = 879 died) across 10 or more years, even after controlling for age, sex, education, income, and self-rated health. Findings suggest that older adults are more likely to underestimate their life satisfaction in the future and that such underestimation was associated with positive health outcomes.

  12. 基于EXCEL VBA的灰色数列预测程序实现%Procedures for the realization of the grey sequence forecast based on Excel VBA

    Institute of Scientific and Technical Information of China (English)

    王楠

    2014-01-01

    本文利用VBA在EXCEL下编写宏程序,实现数列灰色预测,并选取02年至09年《中国体育事业统计年鉴》中我国运动员在奥运会、亚运会、各类世界锦标赛中获得世界冠军的个数作为原始数据列,对2010年至2013年获运动员世界冠军的个数进行验证性预测。%The grey sequence forecast is realized by using VBA in Excel macro program.The paper selects the number of champions between 2002 and 2009 in China Sports Statistics Yearbook as the original data to predict and confirm the number of champions between 2010 and 2013.

  13. Fusing data and models to forecast disturbance impacts on ecosystems: past, present, and future

    Science.gov (United States)

    Dietze, M.; Cowdery, E.; Rollinson, C.; Kelly, R.; Andrews, T.; Matthes, J. H.; Pourmokhtarian, A.; Viskari, T.; Serbin, S.; Shiklomanov, A. N.; Raiho, A.

    2015-12-01

    Disturbance plays a major role in shaping ecosystems, but their occurrence is stochastic and their representation in ecosystem models is widely considered to be inadequate. Both these factors place significant limits on our ability to forecast ecosystems in a changing world. Herein we address three major challenges in disturbance modeling, focusing on recent advances and emerging opportunities. First, we assess the ability of models to capture emergent observational patterns and experimental manipulations using a range of data types and across a wide range of time scales, from sub-annual (eddy flux) to interannual (inventory, tree rings) to centennial (fossil pollen and charcoal, settlement era surveys). Second, we present advances in how models can represent specific disturbance processes (insects and pathogens, non-harvest forest management) and the scaling of disturbance processes in regional- to global-scale models. Third, we address the question of how to assimilate multiple sources of disturbance data across multiple spatial and temporal scales to constrain the pools and fluxes within models. In particular, because disturbances are stochastic we want to update model projections based on field and remotely-sensed data. However, rather than driving models with a particular external data that is taken as 'truth', we explore examples of how to update models using multiple data sources while accounting for uncertainties in both the model and data. Finally, we discuss the implications of these advances and the opportunities they present for near-term carbon monitoring and long-term carbon cycle projections.

  14. Future developments in modelling and monitoring of volcanic ash clouds: outcomes from the first IAVCEI-WMO workshop on Ash Dispersal Forecast and Civil Aviation

    Science.gov (United States)

    Bonadonna, Costanza; Folch, Arnau; Loughlin, Susan; Puempel, Herbert

    2012-01-01

    As a result of the serious consequences of the 2010 Eyjafjallajökull eruption (Iceland) on civil aviation, 52 volcanologists, meteorologists, atmospheric dispersion modellers and space and ground-based monitoring specialists from 12 different countries (including representatives from 6 Volcanic Ash Advisory Centres and related institutions) gathered to discuss the needs of the ash dispersal modelling community, investigate new data-acquisition strategies (i.e. quantitative measurements and observations) and discuss how to improve communication between the research community and institutions with an operational mandate. Based on a dedicated benchmark exercise and on 3 days of in-depth discussion, recommendations have been made for future model improvements, new strategies of ash cloud forecasting, multidisciplinary data acquisition and more efficient communication between different communities. Issues addressed in the workshop include ash dispersal modelling, uncertainty, ensemble forecasting, combining dispersal models and observations, sensitivity analysis, model variability, data acquisition, pre-eruption forecasting, first simulation and data assimilation, research priorities and new communication strategies to improve information flow and operational routines. As a main conclusion, model developers, meteorologists, volcanologists and stakeholders need to work closely together to develop new and improved strategies for ash dispersal forecasting and, in particular, to: (1) improve the definition of the source term, (2) design models and forecasting strategies that can better characterize uncertainties, (3) explore and identify the best ensemble strategies that can be adapted to ash dispersal forecasting, (4) identify optimized strategies for the combination of models and observations and (5) implement new critical operational strategies.

  15. The algorithm of the formation and realization of the individually oriented physical preparedness of the future rescuers at the stages of studying at high military educational institution.

    Directory of Open Access Journals (Sweden)

    Gonshovsky V.M.

    2011-01-01

    Full Text Available The theoretical and empiric facts for the projecting of the technology of the individualization of physical preparedness of the rescuers while studying at high military educational institution were studied. The algorithm of the formation and realization of the corresponding content was worked out. The facts concerning the principles of projecting of pedagogical technology, theory of adaptation, theory and methodology of physical education of students, specificity of professional activity of rescuers were used. The sequence and content of the projecting actions were set, realization of which will promote the formation of the effective physical preparedness in the solving tasks of the physical and military-professional preparedness of the future rescuers with different somatotypes at the stages of education.

  16. A temporal forecast of radiation environments for future space exploration missions.

    Science.gov (United States)

    Kim, Myung-Hee Y; Cucinotta, Francis A; Wilson, John W

    2007-06-01

    The understanding of future space radiation environments is an important goal for space mission operations, design, and risk assessment. We have developed a solar cycle statistical model in which sunspot number is coupled to space-related quantities, such as the galactic cosmic radiation (GCR) deceleration potential (phi) and the mean occurrence frequency of solar particle events (SPEs). Future GCR fluxes were derived from a predictive model, in which the temporal dependence represented by phi was derived from GCR flux and ground-based Climax neutron monitor rate measurements over the last four decades. These results showed that the point dose equivalent inside a typical spacecraft in interplanetary space was influenced by solar modulation by up to a factor of three. It also has been shown that a strong relationship exists between large SPE occurrences and phi. For future space exploration missions, cumulative probabilities of SPEs at various integral fluence levels during short-period missions were defined using a database of proton fluences of past SPEs. Analytic energy spectra of SPEs at different ranks of the integral fluences for energies greater than 30 MeV were constructed over broad energy ranges extending out to GeV for the analysis of representative exposure levels at those fluences. Results will guide the design of protection systems for astronauts during future space exploration missions.

  17. Space Weather - Current Capabilities, Future Requirements, and the Path to Improved Forecasting

    Science.gov (United States)

    Mann, Ian

    2016-07-01

    We present an overview of Space Weather activities and future opportunities including assessments of current status and capabilities, knowledge gaps, and future directions in relation to both observations and modeling. The review includes input from the scientific community including from SCOSTEP scientific discipline representatives (SDRs), COSPAR Main Scientific Organizers (MSOs), and SCOSTEP/VarSITI leaders. The presentation also draws on results from the recent activities related to the production of the COSPAR-ILWS Space Weather Roadmap "Understanding Space Weather to Shield Society" [Schrijver et al., Advances in Space Research 55, 2745 (2015) http://dx.doi.org/10.1016/j.asr.2015.03.023], from the activities related to the United Nations (UN) Committee on the Peaceful Uses of Outer Space (COPUOS) actions in relation to the Long-term Sustainability of Outer Space (LTS), and most recently from the newly formed and ongoing efforts of the UN COPUOS Expert Group on Space Weather.

  18. WIMAX TRAFFIC MODEL BASED ON TIME SERIES FOR FORECAST FUTURE VALUES OF TRAFFIC

    Directory of Open Access Journals (Sweden)

    Cesar Augusto Hernández Suarez

    2009-03-01

    Full Text Available El objetivo de esta investigación es demostrar que las series de tiempo son una excelente herramienta para el modelamiento de tráfico de datos en redes Wimax. Para lograr este objetivo se utilizó la metodología de Box-Jenkins, la cual se describe en este artículo. El modelamiento de tráfico Wimax a través de modelos correlacionados como las series de tiempo permiten ajustar gran parte de la dinámica del comportamiento de los datos en una ecuación y con base en esto estimar valores futuros de tráfico. Lo anterior es una ventaja para la planeación de cobertura, reservación de recursos y la realización de un control más oportuno y eficiente en forma integrada a diferentes niveles de la jerarquía funcional de la red de datos Wimax. Como resultado de la investigación se obtuvo un modelo de tráfico ARIMA de orden 18, el cual realizó pronósticos de tráfico con valores del error cuadrático medio relativamente pequeños, para un periodo de 10 días.

  19. Forecasting freight flows

    DEFF Research Database (Denmark)

    Lyk-Jensen, Stéphanie

    2011-01-01

    Trade patterns and transport markets are changing as a result of the growth and globalization of international trade, and forecasting future freight flow has to rely on trade forecasts. Forecasting freight flows is critical for matching infrastructure supply to demand and for assessing investment...

  20. Aviation Forecasting in ICAO

    Science.gov (United States)

    Mcmahon, J.

    1972-01-01

    Opinions or plans of qualified experts in the field are used for forecasting future requirements for air navigational facilities and services of international civil aviation. ICAO periodically collects information from Stators and operates on anticipated future operations, consolidates this information, and forecasts the future level of activity at different airports.

  1. Information Forecasting.

    Science.gov (United States)

    Hanneman, Gerhard J.

    Information forecasting provides a means of anticipating future message needs of a society or predicting the necessary types of information that will allow smooth social functioning. Periods of unrest and uncertainty in societies contribute to "societal information overload," whereby an abundance of information channels can create communication…

  2. Forecasting with Colonel Blotto

    NARCIS (Netherlands)

    Peeters, R.J.A.P.; Wolk, K.L.

    2015-01-01

    In this paper we design and test a competitive forecasting mechanism based on the Colonel Blotto game. In the game, forecasters allocate a fixed number of resources to different 'battlefields'. Each field is realized with a probability that is determined by a stochastic process. Subjects learn about

  3. Forecasting science futures: legitimising hope and calming fears in the embryo stem cell debate.

    Science.gov (United States)

    Kitzinger, Jenny; Williams, Clare

    2005-08-01

    Controversies about biotechnologies often centre not so much on present scientific facts as on speculations about risks and benefits in the future. It is this key futuristic element in these arguments that is the focus of this article. We examine how competing visions of utopia or dystopia are defended through the use of diverse vocabularies, metaphors, associations and appeals to authority. Our case study explores how these rhetorical processes play out in the debate about embryo stem cell research in UK national press and TV news media. The findings show how predictions from those in favour of embryo stem cell research are supported by both hype and by anti-hype, by inconsistent appeals to the technologies' innovative status and by the selective deconstruction of concepts such as 'potential' and 'hope'. The debate also mobilises binary oppositions around reason versus emotion, science versus religion and fact versus fiction. This article highlights how traditional assertions of expertise are now combined with ideas about compassion and respect for democracy and diversity. It also highlights the fact that although news reporters are often responding to topical events the real focus is often on years, even decades ahead. Close attention to how images of the future are constructed, and the evolution of new strategies for legitimation are, we suggest, important areas of on-going research, particularly in discussions of scientific and medical developments and policy.

  4. Level Shifts in Volatility and the Implied-Realized Volatility Relation

    DEFF Research Database (Denmark)

    Christensen, Bent Jesper; de Magistris, Paolo Santucci

    to the multivariate case of the univariate level shift technique by Lu and Perron (2008). An application to the S&P500 index and a simulation experiment show that the recently documented empirical properties of strong persistence in volatility and forecastability of future realized volatility from current implied...... volatility, which have been interpreted as long memory (or fractional integration) in volatility and fractional cointegration between implied and realized volatility, are accounted for by occasional common level shifts....

  5. Combining physiological threshold knowledge to species distribution models is key to improving forecasts of the future niche for macroalgae.

    Science.gov (United States)

    Martínez, Brezo; Arenas, Francisco; Trilla, Alba; Viejo, Rosa M; Carreño, Francisco

    2015-04-01

    Species distribution models (SDM) are a useful tool for predicting species range shifts in response to global warming. However, they do not explore the mechanisms underlying biological processes, making it difficult to predict shifts outside the environmental gradient where the model was trained. In this study, we combine correlative SDMs and knowledge on physiological limits to provide more robust predictions. The thermal thresholds obtained in growth and survival experiments were used as proxies of the fundamental niches of two foundational marine macrophytes. The geographic projections of these species' distributions obtained using these thresholds and existing SDMs were similar in areas where the species are either absent-rare or frequent and where their potential and realized niches match, reaching consensus predictions. The cold-temperate foundational seaweed Himanthalia elongata was predicted to become extinct at its southern limit in northern Spain in response to global warming, whereas the occupancy of southern-lusitanic Bifurcaria bifurcata was expected to increase. Combined approaches such as this one may also highlight geographic areas where models disagree potentially due to biotic factors. Physiological thresholds alone tended to over-predict species prevalence, as they cannot identify absences in climatic conditions within the species' range of physiological tolerance or at the optima. Although SDMs tended to have higher sensitivity than threshold models, they may include regressions that do not reflect causal mechanisms, constraining their predictive power. We present a simple example of how combining correlative and mechanistic knowledge provides a rapid way to gain insight into a species' niche resulting in consistent predictions and highlighting potential sources of uncertainty in forecasted responses to climate change. © 2014 John Wiley & Sons Ltd.

  6. Present Status and Future Perspective of Bismuth-Based High-Temperature Superconducting Wires Realizing Application Systems

    Science.gov (United States)

    Sato, Ken-ichi; Kobayashi, Shin-ichi; Nakashima, Takayoshi

    2012-01-01

    Among a series of high-temperature superconducting materials that have been discovered to date, (Bi,Pb)2Sr2Ca2Cu3O10-x is the best candidate for superconducting wires that are long with commercial productivity, and critical current performance. In particular, the controlled overpressure (CT-OP) sintering technique gave us a 100% density of (Bi,Pb)2Sr2Ca2Cu3O10-x portion, which leads to robustness, increase in critical current, and mechanical tolerance. Many application prototypes are already verified and are being evaluated worldwide. Current leads for large magnets and magnetic billet heaters are already commercial products. Commercial applications for power cables, motors for ship propulsion and electric vehicles, and many kinds of magnets are promising in the near future.

  7. Using ecological forecasting of future vegetation transition and fire frequency change in the Sierra Nevada to assess fire management strategies

    Science.gov (United States)

    Thorne, J. H.; Schwartz, M. W.; Holguin, A. J.; Moritz, M.; Batllori, E.; Folger, K.; Nydick, K.

    2013-12-01

    Ecological systems may respond in complex manners as climate change progresses. Among the responses, site-level climate conditions may cause a shift in vegetation due to the physiological tolerances of plant species, and the fire return interval may change. Natural resource managers challenged with maintaining ecosystem health need a way to forecast how these processes may affect every location, in order to determine appropriate management actions and prioritize locations for interventions. We integrated climate change-driven vegetation type transitions with projected change in fire frequency for 45,203 km2 of the southern Sierra Nevada, California, containing over 10 land management agencies as well as private lands. This Magnitude of Change (MOC) approach involves classing vegetation types in current time according to their climate envelopes, and identifying which sites will in the future have climates beyond what that vegetation currently occurs in. Independently, fire models are used to determine the change in fire frequency for each site. We examined 82 vegetation types with >50 grid cell occurrences. We found iconic resources such as the giant sequoia, lower slope oak woodlands, and high elevation conifer forests are projected as highly vulnerable by models that project a warmer drier future, but not as much by models that project a warmer future that is not drier than current conditions. Further, there were strongly divergent vulnerabilities of these forest types across land ownership (National Parks versus US Forest Service lands), and by GCM. For example, of 50 giant sequoia (Sequoiadendron giganteum) groves and complexes, all but 3 (on Sierra National Forest) were in the 2 highest levels of risk of climate and fire under the GFDL A2 projection, while 15 groves with low-to-moderate risk were found on both the National Parks and National Forests 18 in the 2 under PCM A2. Landscape projections of potential MOC suggest that the region is likely to experience

  8. Future sustainability forecasting by exchange markets: basic theory and an application.

    Science.gov (United States)

    Malyshkina, Nataliya; Niemeier, Deb

    2010-12-01

    Setting sustainability targets and evaluating systems progress are of great importance nowadays due to threats to the human society, to economic development and to ecosystems, posed by unsustainable human activities. This research establishes a probabilistic theoretical approach based on market expectations reflected in prices of publicly traded securities to estimate the time horizon until the appearance of new technologies related to replacement of nonrenewable resources, for example, crude oil and oil products. To assess time T when technological innovations are likely to appear, we apply advanced pricing equations, based on a stochastic discount factor to those traded securities whose future cash flows critically depend on appearance of such innovations. In a simple approximation of the proposed approach applied to replacement of crude oil and oil products, we obtain T ≈ (P(0)(oil)/C(0))·ln (Δ·P(0)(oil)/P(0)(alt)), where P(0)(oil) and P(0)(alt) are the current aggregate market capitalizations of oil and alternative-energy companies, C(0) is the annual aggregate dividends that oil companies pay to their shareholders at the present, and Δ is the fraction of the oil (oil products) replaced at time T. This formula gives T ≈ 131 years for replacement of gasoline and diesel. The proposed market-expectations approach may allow policymakers to effectively develop policies and plan for long-term changes.

  9. The Volta Grande do Xingu: reconstruction of past environments and forecasting of future scenarios of a unique Amazonian fluvial landscape

    Science.gov (United States)

    Sawakuchi, A. O.; Hartmann, G. A.; Sawakuchi, H. O.; Pupim, F. N.; Bertassoli, D. J.; Parra, M.; Antinao, J. L.; Sousa, L. M.; Sabaj Pérez, M. H.; Oliveira, P. E.; Santos, R. A.; Savian, J. F.; Grohmann, C. H.; Medeiros, V. B.; McGlue, M. M.; Bicudo, D. C.; Faustino, S. B.

    2015-12-01

    The Xingu River is a large clearwater river in eastern Amazonia and its downstream sector, known as the Volta Grande do Xingu ("Xingu Great Bend"), is a unique fluvial landscape that plays an important role in the biodiversity, biogeochemistry and prehistoric and historic peopling of Amazonia. The sedimentary dynamics of the Xingu River in the Volta Grande and its downstream sector will be shifted in the next few years due to the construction of dams associated with the Belo Monte hydropower project. Impacts on river biodiversity and carbon cycling are anticipated, especially due to likely changes in sedimentation and riverbed characteristics. This research project aims to define the geological and climate factors responsible for the development of the Volta Grande landscape and to track its environmental changes during the Holocene, using the modern system as a reference. In this context, sediment cores, riverbed rock and sediment samples and greenhouse gas (GHG) samples were collected in the Volta Grande do Xingu and adjacent upstream and downstream sectors. The reconstruction of past conditions in the Volta Grande is necessary for forecasting future scenarios and defining biodiversity conservation strategies under the operation of Belo Monte dams. This paper describes the scientific questions of the project and the sampling surveys performed by an international team of Earth scientists and biologists during the dry seasons of 2013 and 2014. Preliminary results are presented and a future workshop is planned to integrate results, present data to the scientific community and discuss possibilities for deeper drilling in the Xingu ria to extend the sedimentary record of the Volta Grande do Xingu.

  10. The economic value of realized volatility

    DEFF Research Database (Denmark)

    Christoffersen, Peter; Feunou, Bruno; Jacobs, Kris

    2014-01-01

    Many studies have documented that daily realized volatility estimates based on intraday returns provide volatility forecasts that are superior to forecasts constructed from daily returns only. We investigate whether these forecasting improvements translate into economic value added. To do so, we...... develop a new class of affine discrete-time option valuation models that use daily returns as well as realized volatility. We derive convenient closed-form option valuation formulas, and we assess the option valuation properties using Standard & Poor’s (S&P) 500 return and option data. We find...... that realized volatility reduces the pricing errors of the benchmark model significantly across moneyness, maturity, and volatility levels....

  11. Analysis and Evaluation of Forecasting Methods and Tools to Predict Future Demand for Secondary Chemical-Biological Configuration Items

    Science.gov (United States)

    2013-06-01

    Deviation MAPE Mean Absolute Percentage Error MOA Memorandum of Agreement MRP Material Requirements Planning MSD Mean Squared Deviation MSE Mean...absolute percentage error ( MAPE ) for each forecast, given by the following equations (10) (11) and (12): where : ei = forecast error...1-1047 987654321 2500 2250 2000 1750 1500 Index 5- 1- 10 47 Q tr D em an d MAPE 14.4 MAD 286.2 MSD 97841.1 Accuracy Measures Actual Fits Variable

  12. Past speculations of future health technologies: a description of technologies predicted in 15 forecasting studies published between 1986 and 2010.

    Science.gov (United States)

    Doos, Lucy; Packer, Claire; Ward, Derek; Simpson, Sue; Stevens, Andrew

    2017-07-31

    To describe and classify health technologies predicted in forecasting studies. A portrait describing health technologies predicted in 15 forecasting studies published between 1986 and 2010 that were identified in a previous systematic review. Health technologies are classified according to their type, purpose and clinical use; relating these to the original purpose and timing of the forecasting studies. All health-related technologies predicted in 15 forecasting studies identified in a previously published systematic review. Outcomes related to (1) each forecasting study including country, year, intention and forecasting methods used and (2) the predicted technologies including technology type, purpose, targeted clinical area and forecast timeframe. Of the 896 identified health-related technologies, 685 (76.5%) were health technologies with an explicit or implied health application and included in our study. Of these, 19.1% were diagnostic or imaging tests, 14.3% devices or biomaterials, 12.6% information technology systems, eHealth or mHealth and 12% drugs. The majority of the technologies were intended to treat or manage disease (38.1%) or diagnose or monitor disease (26.1%). The most frequent targeted clinical areas were infectious diseases followed by cancer, circulatory and nervous system disorders. The most frequent technology types were for: infectious diseases-prophylactic vaccines (45.8%), cancer-drugs (40%), circulatory disease-devices and biomaterials (26.3%), and diseases of the nervous system-equally devices and biomaterials (25%) and regenerative medicine (25%). The mean timeframe for forecasting was 11.6 years (range 0-33 years, median=10, SD=6.6). The forecasting timeframe significantly differed by technology type (p=0.002), the intent of the forecasting group (p<0.001) and the methods used (p<001). While description and classification of predicted health-related technologies is crucial in preparing healthcare systems for adopting new innovations

  13. Measuring and Forecasting Volatility in Chinese Stock Market Using HAR-CJ-M Model

    Directory of Open Access Journals (Sweden)

    Chuangxia Huang

    2013-01-01

    Full Text Available Basing on the Heterogeneous Autoregressive with Continuous volatility and Jumps model (HAR-CJ, converting the realized Volatility (RV into the adjusted realized volatility (ARV, and making use of the influence of momentum effect on the volatility, a new model called HAR-CJ-M is developed in this paper. At the same time, we also address, in great detail, another two models (HAR-ARV, HAR-CJ. The applications of these models to Chinese stock market show that each of the continuous sample path variation, momentum effect, and ARV has a good forecasting performance on the future ARV, while the discontinuous jump variation has a poor forecasting performance. Moreover, the HAR-CJ-M model shows obviously better forecasting performance than the other two models in forecasting the future volatility in Chinese stock market.

  14. Persistent forecasting of disruptive technologies

    National Research Council Canada - National Science Library

    Committee on Forecasting Future Disruptive Technologies; National Research Council

    ...) and the Defense Intelligence Agency (DIA) tasked the Committee for Forecasting Future Disruptive Technologies with providing guidance and insight on how to build a persistent forecasting system to predict, analyze, and reduce the impact...

  15. ECONOMIC FORECASTS BASED ON ECONOMETRIC MODELS USING EViews 5

    Directory of Open Access Journals (Sweden)

    Cornelia TomescuDumitrescu,

    2009-05-01

    Full Text Available The forecast of evolution of economic phenomena represent on the most the final objective of econometrics. It withal represent a real attempt of validity elaborate model. Unlike the forecasts based on the study of temporal series which have an recognizable inertial character the forecasts generated by econometric model with simultaneous equations are after to contour the future of ones of important economic variables toward the direct and indirect influences bring the bear on their about exogenous variables. For the relief of the calculus who the realization of the forecasts based on the econometric models its suppose is indicate the use of the specialized informatics programs. One of this is the EViews which is applied because it reduces significant the time who is destined of the econometric analysis and it assure a high accuracy of calculus and of the interpretation of results.

  16. Realizing Dreams

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    A showcase for the ability of the world’s youth Future sports stars started to shine at the 2011 Universiade in Shenzhen, a biennial event that has been changing young people’s lives since the inaugural competition in 1959.

  17. Forecasting sagebrush ecosystem components and greater sage-grouse habitat for 2050: learning from past climate patterns and Landsat imagery to predict the future

    Science.gov (United States)

    Homer, Collin G.; Xian, George Z.; Aldridge, Cameron L.; Meyer, Debra K.; Loveland, Thomas R.; O'Donnell, Michael S.

    2015-01-01

    Sagebrush (Artemisia spp.) ecosystems constitute the largest single North American shrub ecosystem and provide vital ecological, hydrological, biological, agricultural, and recreational ecosystem services. Disturbances have altered and reduced this ecosystem historically, but climate change may ultimately represent the greatest future risk. Improved ways to quantify, monitor, and predict climate-driven gradual change in this ecosystem is vital to its future management. We examined the annual change of Daymet precipitation (daily gridded climate data) and five remote sensing ecosystem sagebrush vegetation and soil components (bare ground, herbaceous, litter, sagebrush, and shrub) from 1984 to 2011 in southwestern Wyoming. Bare ground displayed an increasing trend in abundance over time, and herbaceous, litter, shrub, and sagebrush showed a decreasing trend. Total precipitation amounts show a downward trend during the same period. We established statistically significant correlations between each sagebrush component and historical precipitation records using a simple least squares linear regression. Using the historical relationship between sagebrush component abundance and precipitation in a linear model, we forecasted the abundance of the sagebrush components in 2050 using Intergovernmental Panel on Climate Change (IPCC) precipitation scenarios A1B and A2. Bare ground was the only component that increased under both future scenarios, with a net increase of 48.98 km2 (1.1%) across the study area under the A1B scenario and 41.15 km2 (0.9%) under the A2 scenario. The remaining components decreased under both future scenarios: litter had the highest net reductions with 49.82 km2 (4.1%) under A1B and 50.8 km2 (4.2%) under A2, and herbaceous had the smallest net reductions with 39.95 km2 (3.8%) under A1B and 40.59 km2 (3.3%) under A2. We applied the 2050 forecast sagebrush component values to contemporary (circa 2006) greater sage-grouse (Centrocercus

  18. An overview of health forecasting.

    Science.gov (United States)

    Soyiri, Ireneous N; Reidpath, Daniel D

    2013-01-01

    Health forecasting is a novel area of forecasting, and a valuable tool for predicting future health events or situations such as demands for health services and healthcare needs. It facilitates preventive medicine and health care intervention strategies, by pre-informing health service providers to take appropriate mitigating actions to minimize risks and manage demand. Health forecasting requires reliable data, information and appropriate analytical tools for the prediction of specific health conditions or situations. There is no single approach to health forecasting, and so various methods have often been adopted to forecast aggregate or specific health conditions. Meanwhile, there are no defined health forecasting horizons (time frames) to match the choices of health forecasting methods/approaches that are often applied. The key principles of health forecasting have not also been adequately described to guide the process. This paper provides a brief introduction and theoretical analysis of health forecasting. It describes the key issues that are important for health forecasting, including: definitions, principles of health forecasting, and the properties of health data, which influence the choices of health forecasting methods. Other matters related to the value of health forecasting, and the general challenges associated with developing and using health forecasting services are discussed. This overview is a stimulus for further discussions on standardizing health forecasting approaches and methods that will facilitate health care and health services delivery.

  19. Probabilistic load forecasting via Quantile Regression Averaging on sister forecasts

    OpenAIRE

    Bidong Liu; Jakub Nowotarski; Tao Hong; Rafal Weron

    2015-01-01

    Majority of the load forecasting literature has been on point forecasting, which provides the expected value for each step throughout the forecast horizon. In the smart grid era, the electricity demand is more active and less predictable than ever before. As a result, probabilistic load forecasting, which provides additional information on the variability and uncertainty of future load values, is becoming of great importance to power systems planning and operations. This paper proposes a prac...

  20. Environmental forecasting and turbulence modeling

    Science.gov (United States)

    Hunt, J. C. R.

    This review describes the fundamental assumptions and current methodologies of the two main kinds of environmental forecast; the first is valid for a limited period of time into the future and over a limited space-time ‘target’, and is largely determined by the initial and preceding state of the environment, such as the weather or pollution levels, up to the time when the forecast is issued and by its state at the edges of the region being considered; the second kind provides statistical information over long periods of time and/or over large space-time targets, so that they only depend on the statistical averages of the initial and ‘edge’ conditions. Environmental forecasts depend on the various ways that models are constructed. These range from those based on the ‘reductionist’ methodology (i.e., the combination of separate, scientifically based, models for the relevant processes) to those based on statistical methodologies, using a mixture of data and scientifically based empirical modeling. These are, as a rule, focused on specific quantities required for the forecast. The persistence and predictability of events associated with environmental and turbulent flows and the reasons for variation in the accuracy of their forecasts (of the first and second kinds) are now better understood and better modeled. This has partly resulted from using analogous results of disordered chaotic systems, and using the techniques of calculating ensembles of realizations, ideally involving several different models, so as to incorporate in the probabilistic forecasts a wider range of possible events. The rationale for such an approach needs to be developed. However, other insights have resulted from the recognition of the ordered, though randomly occurring, nature of the persistent motions in these flows, whose scales range from those of synoptic weather patterns (whether storms or ‘blocked’ anticyclones) to small scale vortices. These eigen states can be predicted

  1. Evolving forecasting classifications and applications in health forecasting

    Science.gov (United States)

    Soyiri, Ireneous N; Reidpath, Daniel D

    2012-01-01

    Health forecasting forewarns the health community about future health situations and disease episodes so that health systems can better allocate resources and manage demand. The tools used for developing and measuring the accuracy and validity of health forecasts commonly are not defined although they are usually adapted forms of statistical procedures. This review identifies previous typologies used in classifying the forecasting methods commonly used in forecasting health conditions or situations. It then discusses the strengths and weaknesses of these methods and presents the choices available for measuring the accuracy of health-forecasting models, including a note on the discrepancies in the modes of validation. PMID:22615533

  2. Status and Future of a Real-time Global Flood Detection and Forecasting System Using Satellite Rainfall Information

    Science.gov (United States)

    Adler, R. F.; Wu, H.; Hong, Y.; Policelli, F.; Pierce, H.

    2011-12-01

    soil moisture retrievals should advance the state-of-the-art. Examples of some of these advances will be shown, focusing on the use of higher resolution hydrologic models. The use of forecast precipitation to augment the satellite-observed rainfall estimates and extrapolate the flood estimates for 1-5 day forecasts will also be discussed.

  3. Forecasting Skill

    Science.gov (United States)

    1981-01-01

    indicated that forecasting experience has little relationship to forecasting performance. In the latter three studies, neophyte forecasters became... Europe . Within a few months after a new commander was assigned, this unit’s performance rose to first place in the theater and remained there

  4. Adaptive Weather Forecasting using Local Meteorological Information

    NARCIS (Netherlands)

    Doeswijk, T.G.; Keesman, K.J.

    2005-01-01

    In general, meteorological parameters such as temperature, rain and global radiation are important for agricultural systems. Anticipating on future conditions is most often needed in these systems. Weather forecasts then become of substantial importance. As weather forecasts are subject to

  5. Testing the Power of Technical Analysis for Forecasting the Market Trend and Future Price in FOREX Market

    OpenAIRE

    Kermanshahi, Shahrad

    2014-01-01

    ABSTRACT: According to the Bank for International Settlements, the preliminary global trading in foreign exchange markets averaged $5.3 trillion per day in April 2013. However, there is always volatility and uncertainty in FOREX market. In accordance with this issue, predicting the future prices and market movements are crucial for traders. In order to understand FOREX market better, the study is assisted by one of the most famous and popular methods which is technical analysis. The aim of th...

  6. The Status of Budget Forecasting

    Directory of Open Access Journals (Sweden)

    Daniel W. Williams

    2016-11-01

    Full Text Available This article examines the breadth of the current forecast literature as it relates to public budget making. It serves to provide summary information to decision-makers who otherwise do not have the resources to learn more than a small amount focused on much more narrowly defined areas of forecasting (such as the politics of forecast bias. Next, it serves those who perform forecasting related to budgeting by reviewing the current methods and practices commonly used in this domain. It also provides a ground level for future public budget forecasting research. Finally, this article identifies several areas in which the public forecasting literature needs additional development. Several of these areas, such as the effectiveness of nonregression-based forecasting techniques, are quite important to the majority of governments in the United States and other subnational jurisdictions, where budget offices are limited and resource investments in technology are scarce.

  7. Using high-resolution future climate scenarios to forecast Bromus tectorum invasion in Rocky Mountain National Park.

    Directory of Open Access Journals (Sweden)

    Amanda M West

    Full Text Available National Parks are hallmarks of ecosystem preservation in the United States. The introduction of alien invasive plant species threatens protection of these areas. Bromus tectorum L. (commonly called downy brome or cheatgrass, which is found in Rocky Mountain National Park (hereafter, the Park, Colorado, USA, has been implicated in early spring competition with native grasses, decreased soil nitrogen, altered nutrient and hydrologic regimes, and increased fire intensity. We estimated the potential distribution of B. tectorum in the Park based on occurrence records (n = 211, current and future climate, and distance to roads and trails. An ensemble of six future climate scenarios indicated the habitable area of B. tectorum may increase from approximately 5.5% currently to 20.4% of the Park by the year 2050. Using ordination methods we evaluated the climatic space occupied by B. tectorum in the Park and how this space may shift given future climate change. Modeling climate change at a small extent (1,076 km2 and at a fine spatial resolution (90 m is a novel approach in species distribution modeling, and may provide inference for microclimates not captured in coarse-scale models. Maps from our models serve as high-resolution hypotheses that can be improved over time by land managers to set priorities for surveys and removal of invasive species such as B. tectorum.

  8. Using high-resolution future climate scenarios to forecast Bromus tectorum invasion in Rocky Mountain National Park.

    Science.gov (United States)

    West, Amanda M; Kumar, Sunil; Wakie, Tewodros; Brown, Cynthia S; Stohlgren, Thomas J; Laituri, Melinda; Bromberg, Jim

    2015-01-01

    National Parks are hallmarks of ecosystem preservation in the United States. The introduction of alien invasive plant species threatens protection of these areas. Bromus tectorum L. (commonly called downy brome or cheatgrass), which is found in Rocky Mountain National Park (hereafter, the Park), Colorado, USA, has been implicated in early spring competition with native grasses, decreased soil nitrogen, altered nutrient and hydrologic regimes, and increased fire intensity. We estimated the potential distribution of B. tectorum in the Park based on occurrence records (n = 211), current and future climate, and distance to roads and trails. An ensemble of six future climate scenarios indicated the habitable area of B. tectorum may increase from approximately 5.5% currently to 20.4% of the Park by the year 2050. Using ordination methods we evaluated the climatic space occupied by B. tectorum in the Park and how this space may shift given future climate change. Modeling climate change at a small extent (1,076 km2) and at a fine spatial resolution (90 m) is a novel approach in species distribution modeling, and may provide inference for microclimates not captured in coarse-scale models. Maps from our models serve as high-resolution hypotheses that can be improved over time by land managers to set priorities for surveys and removal of invasive species such as B. tectorum.

  9. Forecast analysis on satellites that need de-orbit technologies: future scenarios for passive de-orbit devices

    Science.gov (United States)

    Palla, Chiara; Kingston, Jennifer

    2016-09-01

    Propulsion-based de-orbit is a space-proven technology; however, this strategy can strongly limit operational lifetime, as fuel mass is dedicated to the de-orbiting. In addition previous reliability studies have identified the propulsion subsystem as one of the major contributors driving satellite failures. This issue brings the need to develop affordable de-orbit technologies with a limited reliance on the system level performance of the host satellite, ideally largely passive methods. Passive disposal strategies which take advantage of aerodynamic drag as the de-orbit force are particularly attractive because they are independent of spacecraft propulsion capabilities. This paper investigates the future market for passive de-orbit devices in LEO to aid in defining top-level requirements for the design of such devices. This is performed by considering the compliances of projected future satellites with the Inter Agency Space Debris Coordination Committee de-orbit time, to quantify the number of spacecraft that are compliant or non-compliant with the guidelines and, in this way, determine their need for the previously discussed devices. The study is performed by using the SpaceTrak™ database which provides future launch schedules, and spacecraft information; the de-orbit analysis is carried out by means of simulations with STELA. A case study of a passive strategy is given by the de-orbit mechanism technological demonstrator, which is currently under development at Cranfield University and designed to deploy a drag sail at the end of the ESEO satellite mission.

  10. Forecasts of future terrain and vegetation types at Olkiluoto and implications for spatial and temporal aspects of biosphere modelling.

    Science.gov (United States)

    Ikonen, A T K; Aro, L; Leppänen, V

    2008-11-01

    In Finland, a nuclear repository site is situated on the western coast where the current land uplift rate is 6mm/yr. A set of tools has been developed for predicting the future terrain and vegetation types, and for producing estimates of the site-specific parameter values for use in simplified radionuclide transport models. Although the landscape will change considerably within the next millennia, the likely changes are relatively predictable. By comparing the results to the site data, the effect of human activities can be at least partially quantified.

  11. High-resolution hydrological seasonal forecasting for water resources management over Europe

    Science.gov (United States)

    Pan, Ming; Wanders, Niko; Wood, Eric; Sheffield, Justin; Samaniego, Luis; Thober, Stephan; Kumar, Rohini; Prudhomme, Christel; Houghton-Carr, Helen

    2017-04-01

    To support the decision-making process at the seasonal time scale, hydrological forecasts with a high temporal and spatial resolution are required to provide the level of information needed by water managers. So far high-resolution seasonal forecasts have been unavailable due to 1) lack of availability in meteorological seasonal forecasts, 2) the coarse temporal resolution of meteorological seasonal forecasts, requiring temporal downscaling, and 3) lack of consistency between observations and seasonal forecasts, requiring bias-correction. As part of the EDgE (End-to-end Demonstrator for improved decision making in the water sector in Europe) project, we have created a unique dataset of hydrological seasonal forecasts derived from four atmospheric circulation models (CanCM4, FLOR-B01, ECMF, LFPW) in combination with four global hydrological models (PCR-GLOBWB, VIC, mHM, Noah-MP). The forecasts provide daily values at 5-km spatial resolution and are bias corrected against E-OBS meteorological observations. Consistency in the LSM parameterization ensures synergy in the hydrological forecasts, resulting in 208 forecasts at any given day over Europe. The forecast results are communicated to stakeholders via Sectoral Climate Impact Indicators (SCIIs) that have been co-designed in collaboration with end-users and stakeholders inside the EDgE project. An example of an SCII is the percentage of ensemble realizations above the 10th percentile of monthly river flow or below the 90th percentile, including the persistency in the forecast with increasing lead times. Results show that skillful discharge forecasts can be made throughout Europe 3 months in advance, with predictability up to 6 months for Northern Europe due to the impact of snow. The predictability of soil moisture is limited to the first three months, due to the significant impact of precipitation and the short memory in the initial conditions (only for the first month). The groundwater recharge predictability

  12. Econometrics 101: forecasting demystified

    Energy Technology Data Exchange (ETDEWEB)

    Crow, R.T.

    1980-05-01

    Forecasting by econometric modeling is described in a commonsense way which omits much of the technical jargon. A trend of continuous growth is no longer an adequate forecasting tool. Today's forecasters must consider rapid changes in price, policies, regulations, capital availability, and the cost of being wrong. A forecasting model is designed by identifying future influences on electricity purchases and quantifying their relationships to each other. A record is produced which can be evaluated and used to make corrections in the models. Residential consumption is used to illustrate how this works and to demonstrate how power consumption is also related to the purchase and use of equipment. While models can quantify behavioral relationships, they cannot account for the impacts of non-price factors because of limited data. (DCK)

  13. Earthquake forecasting and its verification

    Directory of Open Access Journals (Sweden)

    J. R. Holliday

    2005-01-01

    Full Text Available No proven method is currently available for the reliable short time prediction of earthquakes (minutes to months. However, it is possible to make probabilistic hazard assessments for earthquake risk. In this paper we discuss a new approach to earthquake forecasting based on a pattern informatics (PI method which quantifies temporal variations in seismicity. The output, which is based on an association of small earthquakes with future large earthquakes, is a map of areas in a seismogenic region ('hotspots'' where earthquakes are forecast to occur in a future 10-year time span. This approach has been successfully applied to California, to Japan, and on a worldwide basis. Because a sharp decision threshold is used, these forecasts are binary--an earthquake is forecast either to occur or to not occur. The standard approach to the evaluation of a binary forecast is the use of the relative (or receiver operating characteristic (ROC diagram, which is a more restrictive test and less subject to bias than maximum likelihood tests. To test our PI method, we made two types of retrospective forecasts for California. The first is the PI method and the second is a relative intensity (RI forecast based on the hypothesis that future large earthquakes will occur where most smaller earthquakes have occurred in the recent past. While both retrospective forecasts are for the ten year period 1 January 2000 to 31 December 2009, we performed an interim analysis 5 years into the forecast. The PI method out performs the RI method under most circumstances.

  14. Forecasting Covariance Matrices: A Mixed Frequency Approach

    DEFF Research Database (Denmark)

    Halbleib, Roxana; Voev, Valeri

    This paper proposes a new method for forecasting covariance matrices of financial returns. The model mixes volatility forecasts from a dynamic model of daily realized volatilities estimated with high-frequency data with correlation forecasts based on daily data. This new approach allows...... for flexible dependence patterns for volatilities and correlations, and can be applied to covariance matrices of large dimensions. The separate modeling of volatility and correlation forecasts considerably reduces the estimation and measurement error implied by the joint estimation and modeling of covariance...... matrix dynamics. Our empirical results show that the new mixing approach provides superior forecasts compared to multivariate volatility specifications using single sources of information....

  15. Forecasting Constraints on the Evolution of the Hubble Parameter and the Growth Function by Future Weak Lensing Surveys

    CERN Document Server

    Vollmer, Adrian

    2011-01-01

    The cosmological information encapsulated within a weak lensing signal can be accessed via the power spectrum of the so called convergence. We use the Fisher information matrix formalism with the convergence power spectrum as the observable to predict how future weak lensing surveys will constrain the expansion rate and the growth function as functions of redshift without using any specific model to parameterize these two quantities. To do this, we divide redshift space into bins and linearly interpolate the functions with the centers of the redshift bins as sampling points, using a fiducial set of parameters. At the same time, we use these redshift bins for power spectrum tomography, where we analyze not only the power spectrum in each bin but also their cross-correlation in order to maximize the extracted information. We find that a small number of bins with the given photometric redshift mea- surement precision is sufficient to access most of the information content and that the projected constraints are c...

  16. Development Status and Future Trends Forecast of Road Wrecker%道路清障车发展现状与未来趋势预测

    Institute of Scientific and Technical Information of China (English)

    郎玉勤; 张学文; 叶松; 黄李原

    2015-01-01

    Wrecker was the essential transportation equipment of road vehicle accident (fault) rescue, vehi-cles peccancy processing and natural disaster rescue. This paper described the development course of road wrecker industry in China from technology import to independent innovation. Through comparing the differ-ences between domestic and foreign road wrecker industry, in-depth analysis of“bottleneck”problem of current wrecker industry development in China has been done. According to the development track of wreck-er industry, future prospects and tendency of road wrecker market in China had been forecasted.%清障车是道路车辆事故(故障)施救,城市违章车辆处理以及自然灾害抢险救灾必不可少的救援装备。本文阐述了我国道路清障车行业从技术引进到自主创新的发展历程。通过比较国内外道路清障车技术水平差异,深入分析了当前我国清障车行业发展所遇到的“瓶颈”问题。根据清障车行业的发展轨迹,对我国道路清障车市场的未来发展前景与趋势做出了预测。

  17. Long-term changes of physicochemical parameters and benthos in Lake Qarun (Egypt: Can we make a correct forecast of ecosystem future?

    Directory of Open Access Journals (Sweden)

    Shadrin N. V.

    2016-01-01

    Full Text Available Biotic changes and a salinity increase (from 13 to 40 g.L-1 occurred in Lake Qarun (Egypt since 1901. Was salinity increasing a cause of observed biotic changes? To answer this question we used benthos as a model group. Benthos and water sampling was conducted in different seasons (2008–2013. Comparing our and literature data, we discuss the long-term trends and possible causes of benthos changes. Salinity reached 3 g.L-1 in middle of 19th century; and biotic changes caused by this were started. From middle 19th century to 1928 a biotic transformation was driven by the salinity increase; after 1928 a regular alien species introduction caused that a marine community formed. In 1970–2000 eutrophication played a main role in species composition changes. In 2014 ctenophore Mnemiopsis leidyi introduced in the lake; eutrophication, chemical pollution, and a population dynamics of this ctenophore may be main drivers of the ecosystem change now. Benthos biomass gradually decreased during interval 1975–2013 without any correlation with salinity change. A variety of other factors than salinity may be significant in determining the structure and dynamics of communities, and we conclude that we have a small chance to make a correct forecast of possible future ecosystem changes in Lake Qarun.

  18. Demand forecasting

    OpenAIRE

    Gregor, Belčec

    2011-01-01

    Companies operate in an increasingly challenging environment that requires them to continuously improve all areas of the business process. Demand forecasting is one area in manufacturing companies where we can hope to gain great advantages. Improvements in forecasting can result in cost savings throughout the supply chain, improve the reliability of information and the quality of the service for our customers. In the company Danfoss Trata, d. o. o. we did not have a system for demand forecast...

  19. Evolving forecasting classifications and applications in health forecasting

    Directory of Open Access Journals (Sweden)

    Soyiri IN

    2012-05-01

    Full Text Available Ireneous N Soyiri1,2, Daniel D Reidpath11Global Public Health, JCSMHS, MONASH University, Selangor, Malaysia; 2School of Public Health, University of Ghana, Legon, Accra, GhanaAbstract: Health forecasting forewarns the health community about future health situations and disease episodes so that health systems can better allocate resources and manage demand. The tools used for developing and measuring the accuracy and validity of health forecasts commonly are not defined although they are usually adapted forms of statistical procedures. This review identifies previous typologies used in classifying the forecasting methods commonly used in forecasting health conditions or situations. It then discusses the strengths and weaknesses of these methods and presents the choices available for measuring the accuracy of health-forecasting models, including a note on the discrepancies in the modes of validation.Keywords: health forecast, health data, electronic health records, accuracy, cross validation, method, strengths and limitations

  20. Modelos de previsão de preços aplicados aos contratos futuros de boi gordo na BM&F Models of price forecasting applied to futures contracts of live cattle at the Brazilian Futures Market - BM&F

    Directory of Open Access Journals (Sweden)

    Aureliano Angel Bressan

    2002-01-01

    Full Text Available This paper studies the applicability of time series models as a decision tool of buy and sell orders of live cattle futures contracts in the Brazilian Futures Market (BM&F, on dates close to expiration. The models considered are: ARIMA, Neural Networks and Dynamic Linear Models - DLM (this in the classic and bayesian approach. Weekly data, of the spot and futures markets, from 1996 to 1999, are used to calculate the forecasts. The main purpose is to calculate the returns, in buy/sell orders of live cattle futures between 1998 and 1999, in order to show the potentials or limitations of each model. The results show positive returns in almost all contracts analyzed, indicating the potential of the models as a decision tool in operating with futures contracts close to expiration date, with distinction on the performance of the Classic DLM and ARIMA models, although some differences in forecasting accuracy.

  1. Statistical earthquake focal mechanism forecasts

    CERN Document Server

    Kagan, Yan Y

    2013-01-01

    Forecasts of the focal mechanisms of future earthquakes are important for seismic hazard estimates and Coulomb stress and other models of earthquake occurrence. Here we report on a high-resolution global forecast of earthquake rate density as a function of location, magnitude, and focal mechanism. In previous publications we reported forecasts of 0.5 degree spatial resolution, covering the latitude range magnitude, and focal mechanism. In previous publications we reported forecasts of 0.5 degree spatial resolution, covering the latitude range from -75 to +75 degrees, based on the Global Central Moment Tensor earthquake catalog. In the new forecasts we've improved the spatial resolution to 0.1 degree and the latitude range from pole to pole. Our focal mechanism estimates require distance-weighted combinations of observed focal mechanisms within 1000 km of each grid point. Simultaneously we calculate an average rotation angle between the forecasted mechanism and all the surrounding mechanisms, using the method ...

  2. Tide forecasting method based on dynamic weight distribution for operational evaluation

    Institute of Scientific and Technical Information of China (English)

    Shao-wei QIU; Zeng-chuan DONG; Fen XU; Li SUN; Sheng CHEN

    2009-01-01

    Through analysis of operational evaluation factors for tide forecasting, the relationship between the evaluation factors and the weights of forecasters was examined. A tide forecasting method based on dynamic weight distribution for operational evaluation was developed, and multiple-forecaster synchronous forecasting was realized while avoiding the instability cased by only one forecaster. Weights were distributed to the forecasters according to each one's forecast precision. An evaluation criterion for the professional level of the forecasters was also built. The eligibility rates of forecast results demonstrate the skill of the forecasters and the stability of their forecasts. With the developed tide forecasting method, the precision and reasonableness of tide forecasting are improved. The application of the present method to tide forecasting at the Huangpu Park tidal station demonstrates the validity of the method.

  3. Bayesian flood forecasting methods: A review

    Science.gov (United States)

    Han, Shasha; Coulibaly, Paulin

    2017-08-01

    Over the past few decades, floods have been seen as one of the most common and largely distributed natural disasters in the world. If floods could be accurately forecasted in advance, then their negative impacts could be greatly minimized. It is widely recognized that quantification and reduction of uncertainty associated with the hydrologic forecast is of great importance for flood estimation and rational decision making. Bayesian forecasting system (BFS) offers an ideal theoretic framework for uncertainty quantification that can be developed for probabilistic flood forecasting via any deterministic hydrologic model. It provides suitable theoretical structure, empirically validated models and reasonable analytic-numerical computation method, and can be developed into various Bayesian forecasting approaches. This paper presents a comprehensive review on Bayesian forecasting approaches applied in flood forecasting from 1999 till now. The review starts with an overview of fundamentals of BFS and recent advances in BFS, followed with BFS application in river stage forecasting and real-time flood forecasting, then move to a critical analysis by evaluating advantages and limitations of Bayesian forecasting methods and other predictive uncertainty assessment approaches in flood forecasting, and finally discusses the future research direction in Bayesian flood forecasting. Results show that the Bayesian flood forecasting approach is an effective and advanced way for flood estimation, it considers all sources of uncertainties and produces a predictive distribution of the river stage, river discharge or runoff, thus gives more accurate and reliable flood forecasts. Some emerging Bayesian forecasting methods (e.g. ensemble Bayesian forecasting system, Bayesian multi-model combination) were shown to overcome limitations of single model or fixed model weight and effectively reduce predictive uncertainty. In recent years, various Bayesian flood forecasting approaches have been

  4. Futurism.

    Science.gov (United States)

    Foy, Jane Loring

    The objectives of this research report are to gain insight into the main problems of the future and to ascertain the attitudes that the general population has toward the treatment of these problems. In the first section of this report the future is explored socially, psychologically, and environmentally. The second section describes the techniques…

  5. Comparative evaluation of physics-based and statistical forecasts in Northern California

    Science.gov (United States)

    Segou, M.; Parsons, T.; Ellsworth, W.

    2013-12-01

    perform a retrospective forecast test using Northern California seismicity for the period between 1980 and 2009. We compare 7 realizations of the short-term clustering epidemic-type aftershock sequence (ETAS) model, and 21 models combining Coulomb stress change calculations and Rate/State theory (CRS) to forecast seismicity rates in 10 day time intervals. We employ a common learning phase (1974-1980) for CRS models to ensure consistency, and we evaluate the forecasts with log likelihood statistics to detect any spatial inconsistencies and compare the total numbers of forecasts versus observed events. We find that: (1) ETAS models are better forecasters of the spatial evolution in seismicity in the near-source region, (2) CRS models can compete with ETAS models away from the mainshock rupture, and for short periods after mainshocks, (3) CRS models with optimally oriented receiver fault planes perform better in the first few days after mainshocks, whereas mapped fault planes should be implemented for longer-term forecasting, and (4) CRS models based on shear stress change calculations have comparable performance with Coulomb stress change models, with the benefit of lesser parameters involved in stress calculations. We conclude that physics-based and statistical forecast models are complimentary to each other and that future forecasts should be based on statistical models for near-source regions, and physical models for longer periods and distances. However, the realization of the CRS models involves a number of critical parameters (reference seismicity rates, regional stress field, and loading rates), which should be retrospectively tested to improve the predictive power of physics-based models.

  6. Strategic Forecasting

    DEFF Research Database (Denmark)

    Duus, Henrik Johannsen

    2016-01-01

    Purpose: The purpose of this article is to present an overview of the area of strategic forecasting and its research directions and to put forward some ideas for improving management decisions. Design/methodology/approach: This article is conceptual but also informed by the author’s long contact...... and collaboration with various business firms. It starts by presenting an overview of the area and argues that the area is as much a way of thinking as a toolbox of theories and methodologies. It then spells out a number of research directions and ideas for management. Findings: Strategic forecasting is seen...... as a rebirth of long range planning, albeit with new methods and theories. Firms should make the building of strategic forecasting capability a priority. Research limitations/implications: The article subdivides strategic forecasting into three research avenues and suggests avenues for further research efforts...

  7. Exposure Forecaster

    Data.gov (United States)

    U.S. Environmental Protection Agency — The Exposure Forecaster Database (ExpoCastDB) is EPA's database for aggregating chemical exposure information and can be used to help with chemical exposure...

  8. 鲜奶零售价格波动规律与趋势预测%Fresh Milk Retail Price Fluctuations and Future Trend Forecasting

    Institute of Scientific and Technical Information of China (English)

    钱贵霞; 陈思

    2011-01-01

    近年中国奶业发生了一系列突发事件,原料奶及乳制品价格出现了较大幅度的波动,给生产者和消费者均带来了不利的影响,也阻碍了奶业的健康发展。本文在总结牛奶产量和牛奶价格波动特征的基础上,利用CensusXl2季节调整方法和HP滤波法分析了鲜奶价格的实际数据变动、趋势变动规律、季节性变动和不规则要素以及波动周期。结果表明,鲜奶零售价格呈现出逐年增长的趋势,在每一年内,鲜奶价格在一月份最低,年中回落,第三季度逐渐攀升,具有明显的季节变动特征。鲜奶零售价格的不规则要素的波动随机性较强,不具有规律性。2000年至今鲜奶零售价格分为4个明显的周期,周期平均长度为四年,2006~2008年的波动较为剧烈。本文还利用季节指数预测法和Holt—Winters季节乘积模型对未来两年的鲜奶零售价格走势进行了预测,结果显示,鲜奶零售价格在未来的两年中有明显的上涨趋势。据此提出了形成原料奶按质论价体系,建立价格补贴联动机制及加强食品安全监管等稳定鲜奶价格的政策建议。’%A series of unexpected events occurred in China's dairy industry, which caused the price of raw milk and dairy products fluctuating severely. The price fluctuations did harm to dairy farmers and consumers and even the sustainable development of the whole dairy industry. In this paper, based on the them, the cycle from 2006-2008 had strong fluctuations in fresh milk price. Based on the above analysis, we used two forecasting methods: were used seasonal index and Holt-Winters seasonal multiplicative model to forecast the future trend of fresh milk price. The result indicated that fresh will rise in next two years. Based on the above results, some policy recommendations had been put forward.

  9. Forecasting interest rates with shifting endpoints

    DEFF Research Database (Denmark)

    Van Dijk, Dick; Koopman, Siem Jan; Wel, Michel van der

    2014-01-01

    We consider forecasting the term structure of interest rates with the assumption that factors driving the yield curve are stationary around a slowly time-varying mean or ‘shifting endpoint’. The shifting endpoints are captured using either (i) time series methods (exponential smoothing) or (ii......) long-range survey forecasts of either interest rates or inflation and output growth, or (iii) exponentially smoothed realizations of these macro variables. Allowing for shifting endpoints in yield curve factors provides substantial and significant gains in out-of-sample predictive accuracy, relative...... to stationary and random walk benchmarks. Forecast improvements are largest for long-maturity interest rates and for long-horizon forecasts....

  10. Ensemble Forecast: A New Approach to Uncertainty and Predictability

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    Ensemble techniques have been used to generate daily numerical weather forecasts since the 1990s in numerical centers around the world due to the increase in computation ability. One of the main purposes of numerical ensemble forecasts is to try to assimilate the initial uncertainty (initial error) and the forecast uncertainty (forecast error) by applying either the initial perturbation method or the multi-model/multiphysics method. In fact, the mean of an ensemble forecast offers a better forecast than a deterministic (or control) forecast after a short lead time (3 5 days) for global modelling applications. There is about a 1-2-day improvement in the forecast skill when using an ensemble mean instead of a single forecast for longer lead-time. The skillful forecast (65% and above of an anomaly correlation) could be extended to 8 days (or longer) by present-day ensemble forecast systems. Furthermore, ensemble forecasts can deliver a probabilistic forecast to the users, which is based on the probability density function (PDF)instead of a single-value forecast from a traditional deterministic system. It has long been recognized that the ensemble forecast not only improves our weather forecast predictability but also offers a remarkable forecast for the future uncertainty, such as the relative measure of predictability (RMOP) and probabilistic quantitative precipitation forecast (PQPF). Not surprisingly, the success of the ensemble forecast and its wide application greatly increase the confidence of model developers and research communities.

  11. Weather Forecasting Systems and Methods

    Science.gov (United States)

    Mecikalski, John (Inventor); MacKenzie, Wayne M., Jr. (Inventor); Walker, John Robert (Inventor)

    2014-01-01

    A weather forecasting system has weather forecasting logic that receives raw image data from a satellite. The raw image data has values indicative of light and radiance data from the Earth as measured by the satellite, and the weather forecasting logic processes such data to identify cumulus clouds within the satellite images. For each identified cumulus cloud, the weather forecasting logic applies interest field tests to determine a score indicating the likelihood of the cumulus cloud forming precipitation and/or lightning in the future within a certain time period. Based on such scores, the weather forecasting logic predicts in which geographic regions the identified cumulus clouds will produce precipitation and/or lighting within during the time period. Such predictions may then be used to provide a weather map thereby providing users with a graphical illustration of the areas predicted to be affected by precipitation within the time period.

  12. Forecasting metal prices: Do forecasters herd?

    DEFF Research Database (Denmark)

    Pierdzioch, C.; Rulke, J. C.; Stadtmann, G.

    2013-01-01

    We analyze more than 20,000 forecasts of nine metal prices at four different forecast horizons. We document that forecasts are heterogeneous and report that anti-herding appears to be a source of this heterogeneity. Forecaster anti-herding reflects strategic interactions among forecasters...

  13. Diabetes vaccines: a future to be realized.

    Science.gov (United States)

    Lin-Su, K; Kukreja, A; Maclaren, N K

    2001-01-01

    Immune-mediated (type 1) diabetes mellitus (IMD) is an autoimmune disease resulting from the chronic destruction of pancreatic islet cells by autoreactive T lymphocytes. Although there has been much advancement in diabetes management, targeting the precise etiology of the disease process has remained elusive. Recent progress in the understanding of the immunopathogenesis of IMD, however, has led to new intervention strategies, especially antigen-based therapies given as altered peptide ligands (APLs) or as vaccines. Instead of using immunosuppressive agents to suppress an already dysfunctional immune system, antigen specific vaccines or even non-antigen specific immunostimulants present a unique opportunity to boost regulatory function and thereby regain tolerance to self. We discuss here the pathogenesis of IMD as it relates to therapeutic possibilities, review various intervention strategies that have been successful in rodent models, and then present recent progress in human trials of diabetes intervention and prevention through vaccine prototypes.

  14. Weather forecast-based optimization of integrated energy systems.

    Energy Technology Data Exchange (ETDEWEB)

    Zavala, V. M.; Constantinescu, E. M.; Krause, T.; Anitescu, M.

    2009-03-01

    In this work, we establish an on-line optimization framework to exploit detailed weather forecast information in the operation of integrated energy systems, such as buildings and photovoltaic/wind hybrid systems. We first discuss how the use of traditional reactive operation strategies that neglect the future evolution of the ambient conditions can translate in high operating costs. To overcome this problem, we propose the use of a supervisory dynamic optimization strategy that can lead to more proactive and cost-effective operations. The strategy is based on the solution of a receding-horizon stochastic dynamic optimization problem. This permits the direct incorporation of economic objectives, statistical forecast information, and operational constraints. To obtain the weather forecast information, we employ a state-of-the-art forecasting model initialized with real meteorological data. The statistical ambient information is obtained from a set of realizations generated by the weather model executed in an operational setting. We present proof-of-concept simulation studies to demonstrate that the proposed framework can lead to significant savings (more than 18% reduction) in operating costs.

  15. Evaluation of model-based seasonal streamflow and water allocation forecasts for the Elqui Valley, Chile

    Science.gov (United States)

    Delorit, Justin; Cristian Gonzalez Ortuya, Edmundo; Block, Paul

    2017-09-01

    In many semi-arid regions, multisectoral demands often stress available water supplies. Such is the case in the Elqui River valley of northern Chile, which draws on a limited-capacity reservoir to allocate 25 000 water rights. Delayed infrastructure investment forces water managers to address demand-based allocation strategies, particularly in dry years, which are realized through reductions in the volume associated with each water right. Skillful season-ahead streamflow forecasts have the potential to inform managers with an indication of future conditions to guide reservoir allocations. This work evaluates season-ahead statistical prediction models of October-January (growing season) streamflow at multiple lead times associated with manager and user decision points, and links predictions with a reservoir allocation tool. Skillful results (streamflow forecasts outperform climatology) are produced for short lead times (1 September: ranked probability skill score (RPSS) of 0.31, categorical hit skill score of 61 %). At longer lead times, climatological skill exceeds forecast skill due to fewer observations of precipitation. However, coupling the 1 September statistical forecast model with a sea surface temperature phase and strength statistical model allows for equally skillful categorical streamflow forecasts to be produced for a 1 May lead, triggered for 60 % of years (1950-2015), suggesting forecasts need not be strictly deterministic to be useful for water rights holders. An early (1 May) categorical indication of expected conditions is reinforced with a deterministic forecast (1 September) as more observations of local variables become available. The reservoir allocation model is skillful at the 1 September lead (categorical hit skill score of 53 %); skill improves to 79 % when categorical allocation prediction certainty exceeds 80 %. This result implies that allocation efficiency may improve when forecasts are integrated into reservoir decision frameworks. The

  16. Uses and Applications of Climate Forecasts for Power Utilities.

    Science.gov (United States)

    Changnon, Stanley A.; Changnon, Joyce M.; Changnon, David

    1995-05-01

    The uses and potential applications of climate forecasts for electric and gas utilities were assessed 1) to discern needs for improving climate forecasts and guiding future research, and 2) to assist utilities in making wise use of forecasts. In-depth structured interviews were conducted with 56 decision makers in six utilities to assess existing and potential uses of climate forecasts. Only 3 of the 56 use forecasts. Eighty percent of those sampled envisioned applications of climate forecasts, given certain changes and additional information. Primary applications exist in power trading, load forecasting, fuel acquisition, and systems planning, with slight differences in interests between utilities. Utility staff understand probability-based forecasts but desire climatological information related to forecasted outcomes, including analogs similar to the forecasts, and explanations of the forecasts. Desired lead times vary from a week to three months, along with forecasts of up to four seasons ahead. The new NOAA forecasts initiated in 1995 provide the lead times and longer-term forecasts desired. Major hindrances to use of forecasts are hard-to-understand formats, lack of corporate acceptance, and lack of access to expertise. Recent changes in government regulations altered the utility industry, leading to a more competitive world wherein information about future weather conditions assumes much more value. Outreach efforts by government forecast agencies appear valuable to help achieve the appropriate and enhanced use of climate forecasts by the utility industry. An opportunity for service exists also for the private weather sector.

  17. Forecasts of forest conditions in regions of the United States under future scenarios: a technical document supporting the Forest Service 2012 RPA Assessment

    Science.gov (United States)

    David N. Wear; Robert Huggett; Ruhong Li; Benjamin Perryman; Shan Liu

    2013-01-01

    The 626 million acres of forests in the conterminous United States represent significant reserves of biodiversity and terrestrial carbon and provide substantial flows of highly valued ecosystem services, including timber products, watershed protection benefits, and recreation. This report describes forecasts of forest conditions for the conterminous United States in...

  18. Extravehicular Activity Technology Development Status and Forecast

    Science.gov (United States)

    Chullen, Cinda; Westheimer, David T.

    2011-01-01

    The goal of NASA s current EVA technology effort is to further develop technologies that will be used to demonstrate a robust EVA system that has application for a variety of future missions including microgravity and surface EVA. Overall the objectives will be to reduce system mass, reduce consumables and maintenance, increase EVA hardware robustness and life, increase crew member efficiency and autonomy, and enable rapid vehicle egress and ingress. Over the past several years, NASA realized a tremendous increase in EVA system development as part of the Exploration Technology Development Program and the Constellation Program. The evident demand for efficient and reliable EVA technologies, particularly regenerable technologies was apparent under these former programs and will continue to be needed as future mission opportunities arise. The technological need for EVA in space has been realized over the last several decades by the Gemini, Apollo, Skylab, Space Shuttle, and the International Space Station (ISS) programs. EVAs were critical to the success of these programs. Now with the ISS extension to 2028 in conjunction with a current forecasted need of at least eight EVAs per year, the EVA hardware life and limited availability of the Extravehicular Mobility Units (EMUs) will eventually become a critical issue. The current EMU has successfully served EVA demands by performing critical operations to assemble the ISS and provide repairs of satellites such as the Hubble Space Telescope. However, as the life of ISS and the vision for future mission opportunities are realized, a new EVA systems capability will be needed and the current architectures and technologies under development offer significant improvements over the current flight systems. In addition to ISS, potential mission applications include EVAs for missions to Near Earth Objects (NEO), Phobos, or future surface missions. Surface missions could include either exploration of the Moon or Mars. Providing an

  19. Atmospheric composition forecasting in Europe

    Directory of Open Access Journals (Sweden)

    L. Menut

    2010-01-01

    Full Text Available The atmospheric composition is a societal issue and, following new European directives, its forecast is now recommended to quantify the air quality. It concerns both gaseous and particles species, identified as potential problems for health. In Europe, numerical systems providing daily air quality forecasts are numerous and, mostly, operated by universities. Following recent European research projects (GEMS, PROMOTE, an organization of the air quality forecast is currently under development. But for the moment, many platforms exist, each of them with strengths and weaknesses. This overview paper presents all existing systems in Europe and try to identify the main remaining gaps in the air quality forecast knowledge. As modeling systems are now able to reasonably forecast gaseous species, and in a lesser extent aerosols, the future directions would concern the use of these systems with ensemble approaches and satellite data assimilation. If numerous improvements were recently done on emissions and chemistry knowledge, improvements are still needed especially concerning meteorology, which remains a weak point of forecast systems. Future directions will also concern the use of these forecast tools to better understand and quantify the air pollution impact on health.

  20. Space Weather Forecasting: An Enigma

    Science.gov (United States)

    Sojka, J. J.

    2012-12-01

    -pipe" disciplines. The perceived progress in space weather understanding differs significantly depending upon which community (scientific, technology, forecaster, society) is addressing the question. Even more divergent are these thoughts when the question is how valuable is the scientific capability of forecasting space weather. This talk will discuss present day as well as future potential for forecasting space weather for a few selected examples. The author will attempt to straddle the divergent community opinions.

  1. Forecasting military expenditure

    Directory of Open Access Journals (Sweden)

    Tobias Böhmelt

    2014-05-01

    Full Text Available To what extent do frequently cited determinants of military spending allow us to predict and forecast future levels of expenditure? The authors draw on the data and specifications of a recent model on military expenditure and assess the predictive power of its variables using in-sample predictions, out-of-sample forecasts and Bayesian model averaging. To this end, this paper provides guidelines for prediction exercises in general using these three techniques. More substantially, however, the findings emphasize that previous levels of military spending as well as a country’s institutional and economic characteristics particularly improve our ability to predict future levels of investment in the military. Variables pertaining to the international security environment also matter, but seem less important. In addition, the results highlight that the updated model, which drops weak predictors, is not only more parsimonious, but also slightly more accurate than the original specification.

  2. Short-term spatial and temporal forecast of dry snow avalanches of sublimation recrystallization and mixed origin

    Directory of Open Access Journals (Sweden)

    Yu. B. Andreev

    2013-01-01

    Full Text Available A possibility of space-temporary short-term forecast-diagnosis of dry sublimative recrystallization and mixed (recrystallization plus fresh snow avalanches is under consideration. The special discriminate analog–macrophysical models of the short-term background forecast is verified on correlation degree with probabilistic zoning of avalanche site № 22 in Khibiny. Аs a result we have correlation coefficients of order –(0.6÷0.7. The statistical significance of correlation coefficients (an order of 0.02–0.07 are checked and a conclusion on likelihood of assumed hypothesis is made. So by the current and predicted meteorological data such kind of forecast for such genetic avalanche types release in concrete sites becomes possible. The short-term forecast function transformation of the examined in the article avalanche types into long-term ones by averaging perennial realized forecast function values on slipping optimal 5-years intervals shows avalanche activity trend with probable 8–10 and 32-years harmonics during selected observation period. But in comparison with purely dry and wet fresh snow avalanches forecast analysed before the examined here above types are less precisely predicted. So it is needed an improvement of correspondent forecast functions on the base of theory contribution and future observations by increasing their series

  3. General forecasting correcting formula

    OpenAIRE

    Harin, Alexander

    2009-01-01

    A general forecasting correcting formula, as a framework for long-use and standardized forecasts, is created. The formula provides new forecasting resources and new possibilities for expansion of forecasting including economic forecasting into the areas of municipal needs, middle-size and small-size business and, even, to individual forecasting.

  4. General forecasting correcting formula

    OpenAIRE

    2009-01-01

    A general forecasting correcting formula, as a framework for long-use and standardized forecasts, is created. The formula provides new forecasting resources and new possibilities for expansion of forecasting including economic forecasting into the areas of municipal needs, middle-size and small-size business and, even, to individual forecasting.

  5. Uncertain Climate Forecasts From Multimodel Ensembles: When to Use Them and When to Ignore Them

    CERN Document Server

    Jewson, Stephen

    2010-01-01

    Uncertainty around multimodel ensemble forecasts of changes in future climate reduces the accuracy of those forecasts. For very uncertain forecasts this effect may mean that the forecasts should not be used. We investigate the use of the well-known Bayesian Information Criterion (BIC) to make the decision as to whether a forecast should be used or ignored.

  6. Realizability: a historical essay

    NARCIS (Netherlands)

    Oosten, J. van

    2001-01-01

    The purpose of this short paper is to sketch the development of a few basic topics in the history of Realizability The number of topics is quite limited and reects very much my own personal taste biases and prejudices Realizability has over the past years developed into a subject of such dimensions

  7. Latent Integrated Stochastic Volatility, Realized Volatility, and Implied Volatility: A State Space Approach

    DEFF Research Database (Denmark)

    Bach, Christian; Christensen, Bent Jesper

    We include simultaneously both realized volatility measures based on high-frequency asset returns and implied volatilities backed out of individual traded at the money option prices in a state space approach to the analysis of true underlying volatility. We model integrated volatility as a latent...... fi…rst order Markov process and show that our model is closely related to the CEV and Barndorff-Nielsen & Shephard (2001) models for local volatility. We show that if measurement noise in the observable volatility proxies is not accounted for, then the estimated autoregressive parameter in the latent...... process is downward biased. Implied volatility performs better than any of the alternative realized measures when forecasting future integrated volatility. The results are largely similar across the stock market (S&P 500), bond market (30-year U.S. T-bond), and foreign currency exchange market ($/£ )....

  8. Probabilistic energy forecasting: Global Energy Forecasting Competition 2014 and beyond

    DEFF Research Database (Denmark)

    Hong, Tao; Pinson, Pierre; Fan, Shu

    2016-01-01

    The energy industry has been going through a significant modernization process over the last decade. Its infrastructure is being upgraded rapidly. The supply, demand and prices are becoming more volatile and less predictable than ever before. Even its business model is being challenged fundamenta......The energy industry has been going through a significant modernization process over the last decade. Its infrastructure is being upgraded rapidly. The supply, demand and prices are becoming more volatile and less predictable than ever before. Even its business model is being challenged...... fundamentally. In this competitive and dynamic environment, many decision-making processes rely on probabilistic forecasts to quantify the uncertain future. Although most of the papers in the energy forecasting literature focus on point or singlevalued forecasts, the research interest in probabilistic energy...... forecasting research has taken off rapidly in recent years. In this paper, we summarize the recent research progress on probabilistic energy forecasting. A major portion of the paper is devoted to introducing the Global Energy Forecasting Competition 2014 (GEFCom2014), a probabilistic energy forecasting...

  9. Successful product realization strategies

    Science.gov (United States)

    Peeples, John; Boulton, William R.

    1995-02-01

    Product realization is the process of defining, designing, developing, and delivering products to the market. While the main thrust of this JTEC panel was to conduct a complete investigation of the state of Japanese low-cost electronic packaging technologies, it is very difficult to totally separate the development of technology and products from the product realization process. Japan's electronics firms adhere to a product realization strategy based on a strong customer focus, a consistent commitment to excellence in design, and a cost-effective approach to technology commercialization. The Japanese product-pull strategy has been a successful driver and influencing factor in every aspect of the product development cycle.

  10. 中国CO《,2》排放的影响因素分解与预测%Accounting for Carbon Dioxide Emission in China and Forecasting Its Future Trend

    Institute of Scientific and Technical Information of China (English)

    薛勇; 郭菊娥; 孟磊

    2011-01-01

    To eliminate the negative impact of 2008 U. S financial crisis, China has been dedicated to stimulating its economy by means of a series of policies. During such a period, it is a very arduous task to realize the reduction target of CO2 emission intensity.This paper adopts a structural decomposition analysis of the historical change in energy-related CO2 emission in China during the period 1997 -2004, the period when China experienced the Asian financial crisis. The results show that: ① economic growth is the main positive driving force of CO2 emission changes; ② energy conservation is the dominant contributor to the decline in CO2 emission; ③the effect of economic structure contributes little to the changes in CO2 emission. Specifically, domestic final demand and export,combined with the structural shift of export, push up CO2 emission. Structural changes of domestic final demand and fuel shift both exhibit little positive effect on CO2 emission. Furthermore, with the premise that economic growth will follow its strategy planning, this paper designs three scenarios of energy conservation to forecast the future CO2 emission trend. We conclude that, to harmonize the economic growth and CO2 emission reduction, it is important to further enforce policies on the structural change of final demand and enhance energy efficiency and renewable energy substitution.%我国正处于2008年美国金融危机影响下,刺激经济一系列政策的落实观测期,要实现单位国内生产总值CO排放的目标,任务十分艰巨.本文采用投入产出结构分解技术,对1997-2004年我国应对亚洲金融危机时期的CO排放量变动进行了7因素的分解测算,结果表明经济增长是CO排放上升的主要驱动力,能源节约是驱动我国CO排放下降的主要因素,经济结构变动的影响相对较小.特别,国内最终需求、出口成长以及出口结构变动均推动CO排放上升,国内最终需求结构变动以及能源替代表现

  11. Forecasting the Integration of Immigrants

    CERN Document Server

    Contucci, Pierluigi; Seyedi, Seyedalireza

    2015-01-01

    This paper presents a quantitative framework for forecasting immigrant integration using immigrant density as the single driver. By comparing forecasted integration estimates based on data collected up to specific periods in time, with observed integration quantities beyond the specified period, we show that: Our forecasts are prompt-readily available after a short period of time, accurate-with a small relative error-and finally robust-able to predict integration correctly for several years to come. The research reported here proves that the proposed model of integration and its forecast framework are simple and effective tools to reduce uncertainties about how integration phenomena emerge and how they are likely to develop in response to increased migration levels in the future.

  12. Open-source software for demand forecasting of clinical laboratory test volumes using time-series analysis

    Directory of Open Access Journals (Sweden)

    Emad A Mohammed

    2017-01-01

    Full Text Available Background: Demand forecasting is the area of predictive analytics devoted to predicting future volumes of services or consumables. Fair understanding and estimation of how demand will vary facilitates the optimal utilization of resources. In a medical laboratory, accurate forecasting of future demand, that is, test volumes, can increase efficiency and facilitate long-term laboratory planning. Importantly, in an era of utilization management initiatives, accurately predicted volumes compared to the realized test volumes can form a precise way to evaluate utilization management initiatives. Laboratory test volumes are often highly amenable to forecasting by time-series models; however, the statistical software needed to do this is generally either expensive or highly technical. Method: In this paper, we describe an open-source web-based software tool for time-series forecasting and explain how to use it as a demand forecasting tool in clinical laboratories to estimate test volumes. Results: This tool has three different models, that is, Holt-Winters multiplicative, Holt-Winters additive, and simple linear regression. Moreover, these models are ranked and the best one is highlighted. Conclusion: This tool will allow anyone with historic test volume data to model future demand.

  13. Open-source Software for Demand Forecasting of Clinical Laboratory Test Volumes Using Time-series Analysis.

    Science.gov (United States)

    Mohammed, Emad A; Naugler, Christopher

    2017-01-01

    Demand forecasting is the area of predictive analytics devoted to predicting future volumes of services or consumables. Fair understanding and estimation of how demand will vary facilitates the optimal utilization of resources. In a medical laboratory, accurate forecasting of future demand, that is, test volumes, can increase efficiency and facilitate long-term laboratory planning. Importantly, in an era of utilization management initiatives, accurately predicted volumes compared to the realized test volumes can form a precise way to evaluate utilization management initiatives. Laboratory test volumes are often highly amenable to forecasting by time-series models; however, the statistical software needed to do this is generally either expensive or highly technical. In this paper, we describe an open-source web-based software tool for time-series forecasting and explain how to use it as a demand forecasting tool in clinical laboratories to estimate test volumes. This tool has three different models, that is, Holt-Winters multiplicative, Holt-Winters additive, and simple linear regression. Moreover, these models are ranked and the best one is highlighted. This tool will allow anyone with historic test volume data to model future demand.

  14. Realized Cost Savings 2016

    Data.gov (United States)

    Department of Veterans Affairs — This dataset is provided as a requirement of OMB’s Integrated Data Collection (IDC) and links to VA’s Realized Cost Savings and Avoidances data in JSON format. Cost...

  15. Forecasting global atmospheric CO2

    Directory of Open Access Journals (Sweden)

    A. Agustí-Panareda

    2014-05-01

    Full Text Available A new global atmospheric carbon dioxide (CO2 real-time forecast is now available as part of the pre-operational Monitoring of Atmospheric Composition and Climate – Interim Implementation (MACC-II service using the infrastructure of the European Centre for Medium-Range Weather Forecasts (ECMWF Integrated Forecasting System (IFS. One of the strengths of the CO2 forecasting system is that the land surface, including vegetation CO2 fluxes, is modelled online within the IFS. Other CO2 fluxes are prescribed from inventories and from off-line statistical and physical models. The CO2 forecast also benefits from the transport modelling from a state-of-the-art numerical weather prediction (NWP system initialized daily with a wealth of meteorological observations. This paper describes the capability of the forecast in modelling the variability of CO2 on different temporal and spatial scales compared to observations. The modulation of the amplitude of the CO2 diurnal cycle by near-surface winds and boundary layer height is generally well represented in the forecast. The CO2 forecast also has high skill in simulating day-to-day synoptic variability. In the atmospheric boundary layer, this skill is significantly enhanced by modelling the day-to-day variability of the CO2 fluxes from vegetation compared to using equivalent monthly mean fluxes with a diurnal cycle. However, biases in the modelled CO2 fluxes also lead to accumulating errors in the CO2 forecast. These biases vary with season with an underestimation of the amplitude of the seasonal cycle both for the CO2 fluxes compared to total optimized fluxes and the atmospheric CO2 compared to observations. The largest biases in the atmospheric CO2 forecast are found in spring, corresponding to the onset of the growing season in the Northern Hemisphere. In the future, the forecast will be re-initialized regularly with atmospheric CO2 analyses based on the assimilation of CO2 satellite retrievals, as they

  16. Adaptive Weather Forecasting using Local Meteorological Information

    NARCIS (Netherlands)

    Doeswijk, T.G.; Keesman, K.J.

    2005-01-01

    In general, meteorological parameters such as temperature, rain and global radiation are important for agricultural systems. Anticipating on future conditions is most often needed in these systems. Weather forecasts then become of substantial importance. As weather forecasts are subject to uncertain

  17. Post processing rainfall forecasts from numerical weather prediction models for short term streamflow forecasting

    Directory of Open Access Journals (Sweden)

    D. E. Robertson

    2013-05-01

    Full Text Available Sub-daily ensemble rainfall forecasts that are bias free and reliably quantify forecast uncertainty are critical for flood and short-term ensemble streamflow forecasting. Post processing of rainfall predictions from numerical weather prediction models is typically required to provide rainfall forecasts with these properties. In this paper, a new approach to generate ensemble rainfall forecasts by post processing raw NWP rainfall predictions is introduced. The approach uses a simplified version of the Bayesian joint probability modelling approach to produce forecast probability distributions for individual locations and forecast periods. Ensemble forecasts with appropriate spatial and temporal correlations are then generated by linking samples from the forecast probability distributions using the Schaake shuffle. The new approach is evaluated by applying it to post process predictions from the ACCESS-R numerical weather prediction model at rain gauge locations in the Ovens catchment in southern Australia. The joint distribution of NWP predicted and observed rainfall is shown to be well described by the assumed log-sinh transformed multivariate normal distribution. Ensemble forecasts produced using the approach are shown to be more skilful than the raw NWP predictions both for individual forecast periods and for cumulative totals throughout the forecast periods. Skill increases result from the correction of not only the mean bias, but also biases conditional on the magnitude of the NWP rainfall prediction. The post processed forecast ensembles are demonstrated to successfully discriminate between events and non-events for both small and large rainfall occurrences, and reliably quantify the forecast uncertainty. Future work will assess the efficacy of the post processing method for a wider range of climatic conditions and also investigate the benefits of using post processed rainfall forecast for flood and short term streamflow forecasting.

  18. Post-processing rainfall forecasts from numerical weather prediction models for short-term streamflow forecasting

    Directory of Open Access Journals (Sweden)

    D. E. Robertson

    2013-09-01

    Full Text Available Sub-daily ensemble rainfall forecasts that are bias free and reliably quantify forecast uncertainty are critical for flood and short-term ensemble streamflow forecasting. Post-processing of rainfall predictions from numerical weather prediction models is typically required to provide rainfall forecasts with these properties. In this paper, a new approach to generate ensemble rainfall forecasts by post-processing raw numerical weather prediction (NWP rainfall predictions is introduced. The approach uses a simplified version of the Bayesian joint probability modelling approach to produce forecast probability distributions for individual locations and forecast lead times. Ensemble forecasts with appropriate spatial and temporal correlations are then generated by linking samples from the forecast probability distributions using the Schaake shuffle. The new approach is evaluated by applying it to post-process predictions from the ACCESS-R numerical weather prediction model at rain gauge locations in the Ovens catchment in southern Australia. The joint distribution of NWP predicted and observed rainfall is shown to be well described by the assumed log-sinh transformed bivariate normal distribution. Ensemble forecasts produced using the approach are shown to be more skilful than the raw NWP predictions both for individual forecast lead times and for cumulative totals throughout all forecast lead times. Skill increases result from the correction of not only the mean bias, but also biases conditional on the magnitude of the NWP rainfall prediction. The post-processed forecast ensembles are demonstrated to successfully discriminate between events and non-events for both small and large rainfall occurrences, and reliably quantify the forecast uncertainty. Future work will assess the efficacy of the post-processing method for a wider range of climatic conditions and also investigate the benefits of using post-processed rainfall forecasts for flood and short

  19. kwmc Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  20. kont Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  1. kcrg Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  2. kjac Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  3. krdu Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  4. kiwd Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

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    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

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    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

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    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

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    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  9. kiso Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

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    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  11. kcvg Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  12. pafa Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  13. kcrq Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  14. ksun Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

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    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  16. krow Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  17. kbtv Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  18. kbke Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  19. kbpt Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  20. kact Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  1. kavl Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  2. kbur Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  3. krsw Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  4. klnd Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  5. kpuw Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  6. kbis Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  7. kcmx Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  8. kipt Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  9. kteb Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  10. kely Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  11. kfat Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  12. phny Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  13. kdsm Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  14. kbos Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  15. kpdx Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  16. tjsj Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  17. kpae Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  18. kpbi Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  19. kalb Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  20. paga Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  1. kjax Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  2. kdnl Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  3. kfwa Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  4. khts Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  5. kpbf Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  6. kosh Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  7. kslc Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  8. ksns Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  9. krwf Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  10. ksua Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  11. kjct Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  12. klan Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  13. kcgi Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  14. kbyi Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  15. kgcn Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  16. kryy Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  17. kvtn Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  18. kmcn Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  19. kdhn Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  20. kcll Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  1. ktmb Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  2. khvr Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  3. kara Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  4. kinw Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  5. kism Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  6. kues Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  7. kida Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  8. khut Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  9. keug Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  10. kazo Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  11. ksmn Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  12. klbx Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

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    Data.gov (United States)

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    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  5. krwl Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  6. kpsp Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  7. kcmi Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  8. kbwi Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  9. kcre Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  10. kpsc Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  11. khie Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  12. klgu Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  13. kahn Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  14. kbli Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  15. kfay Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  16. kabi Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  17. kfoe Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  18. koaj Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  19. kmss Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  20. kmlb Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  1. paho Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  2. keyw Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  3. klar Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  4. patk Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  5. kogd Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  6. klse Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  7. kgsp Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  8. krog Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  9. pajn Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  10. kpkb Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  11. kaus Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  12. kcar Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  13. kaeg Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  14. ksoa Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  15. paom Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  16. kgmu Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  17. khya Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  18. kjfk Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  19. kpie Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  20. kpns Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  1. ksat Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  2. kcid Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  3. ksny Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  4. klch Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  5. khnd Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  6. ksaf Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  7. kdec Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  8. ktvl Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  9. kttd Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  10. kluk Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  11. ksdf Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  12. krno Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  13. kwwr Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  14. kowb Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  15. kcle Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  16. kcxp Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  17. kgpi Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  18. paun Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  19. keat Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  20. pasc Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  1. koun Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  2. klee Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  3. kiag Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  4. kbmg Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  5. pakn Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  6. kmmh Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  7. kiln Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  8. kbmi Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  9. kcha Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  10. pahn Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  11. khon Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  12. kpeq Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  13. kden Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  14. kmia Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  15. kmaf Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  16. khsa Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  17. kvis Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  18. ktcl Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  19. kmrb Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  20. kcub Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  1. kpdt Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  2. ptkk Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  3. kcsm Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  4. ksfo Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  5. kjhw Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  6. kdab Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  7. kecp Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  8. kmls Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  9. kroc Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  10. kfod Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  11. khdn Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  12. pabe Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  13. ktop Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  14. ktrk Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  15. krvs Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  16. kgld Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  17. kama Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  18. kmgm Terminal Aerodrome Forecast

    Data.gov (United States)

    National Oceanic and Atmospheric Administration, Department of Commerce — TAF (terminal aerodrome forecast or terminal area forecast) is a format for reporting weather forecast information, particularly as it relates to aviation. TAFs are...

  19. Statistical methods for forecasting

    CERN Document Server

    Abraham, Bovas

    2009-01-01

    The Wiley-Interscience Paperback Series consists of selected books that have been made more accessible to consumers in an effort to increase global appeal and general circulation. With these new unabridged softcover volumes, Wiley hopes to extend the lives of these works by making them available to future generations of statisticians, mathematicians, and scientists."This book, it must be said, lives up to the words on its advertising cover: ''Bridging the gap between introductory, descriptive approaches and highly advanced theoretical treatises, it provides a practical, intermediate level discussion of a variety of forecasting tools, and explains how they relate to one another, both in theory and practice.'' It does just that!"-Journal of the Royal Statistical Society"A well-written work that deals with statistical methods and models that can be used to produce short-term forecasts, this book has wide-ranging applications. It could be used in the context of a study of regression, forecasting, and time series ...

  20. Business forecasting methods

    OpenAIRE

    Skribans, V.

    2002-01-01

    The paper comprises three parts: description of the forecasting conception, classification of forecasting methods, and the general forecasting model. The first part deals with the definition of business forecasting, the second classifies and deals in more detail with the most frequently practiced forecasting methods and comes up with recommendations how to apply them in specific situations. The third part present the analysis of newly established forecasting model.

  1. Exploring heterogeneous market hypothesis using realized volatility

    Science.gov (United States)

    Chin, Wen Cheong; Isa, Zaidi; Mohd Nor, Abu Hassan Shaari

    2013-04-01

    This study investigates the heterogeneous market hypothesis using high frequency data. The cascaded heterogeneous trading activities with different time durations are modelled by the heterogeneous autoregressive framework. The empirical study indicated the presence of long memory behaviour and predictability elements in the financial time series which supported heterogeneous market hypothesis. Besides the common sum-of-square intraday realized volatility, we also advocated two power variation realized volatilities in forecast evaluation and risk measurement in order to overcome the possible abrupt jumps during the credit crisis. Finally, the empirical results are used in determining the market risk using the value-at-risk approach. The findings of this study have implications for informationally market efficiency analysis, portfolio strategies and risk managements.

  2. Realizing Corporate Responsibility

    DEFF Research Database (Denmark)

    Girschik, Verena

    This doctoral dissertation aims to understand how companies realize corporate responsibility - both how they perform corporate responsibility in particular local contexts and how they negotiate understandings of what corporate responsibility means. It builds on an inductive case study of the Danish...... in this dissertation unfold distinct yet interdependent processes of positioning and framing that constitute new ways of performing and understanding corporate responsibility....

  3. Realized GARCH: A Complete Model of Returns and Realized Measures of Volatility

    DEFF Research Database (Denmark)

    Hansen, Peter Reinhard; Huang, Zhuo (Albert); Shek, Howard Howan

    of the classical GARCH framework; it implies an ARMA structure for the conditional variance and realized measures of volatility; and models in this class are parsimonious and simple to estimate. A key feature of the Realized GARCH framework is a measurement equation that relates the observed realized measure...... to latent volatility. This equation facilitates a simple modeling of the dependence between returns and future volatility that is commonly referred to as the leverage effect. An empirical application with DJIA stocks and an exchange traded index fund shows that a simple Realized GARCH structure leads...

  4. Use of Prediction Markets to Forecast Infectious Disease Activity

    National Research Council Canada - National Science Library

    Philip M. Polgreen; Forrest D. Nelson; George R. Neumann

    2007-01-01

    Prediction markets have accurately forecasted the outcomes of a wide range of future events, including sales of computer printers, elections, and the Federal Reserve's decisions about interest rates...

  5. Artificial Intelligence as a Business Forecasting and Error Handling Tool

    Directory of Open Access Journals (Sweden)

    Md. Tabrez Quasim

    2015-10-01

    Full Text Available  Any business enterprise must rely a lot on how well it can predict the future happenings. To cope up with the modern global customer demand, technological challenges, market competitions etc., any organization is compelled to foresee the future having maximum impact and least chances of errors. The traditional forecasting approaches have some limitations. That is why the business world is adopting the modern Artificial Intelligence based forecasting techniques. This paper has tried to present different types of forecasting and AI techniques that are useful in business forecasting. At the later stage we have also discussed the forecasting errors and the steps involved in planning the AI support system.

  6. PREFACE: Nanospintronics design and realization

    Science.gov (United States)

    Akai, Hisazumi; Katayama-Yoshida, Hiroshi; Kasai, Hideaki

    2004-12-01

    This special issue of Journal of Physics: Condensed Matter contains selected papers from the 1st International Conference on Nanospintronics Design and Realization (ICNDR 2004), which was held in Kyoto, Japan, 24--28 May 2004. This conference was organized by the Nanospintronics Design and Realization project members: Hideaki Kasai, Osaka (Chair of the Conference) Hisazumi Akai, Osaka Hajime Asahi, Osaka Wilson Agerico Diño, Osaka Hiroshi Harima, Kyoto Tomoyuki Kakeshita, Osaka Junjiro Kanamori, Kyoto Hiroshi Katayama-Yoshida, Osaka Koichi Kusakabe, Osaka Hiroshi Nakanishi, Osaka (Secretary) Tamio Oguchi, Hiroshima Teruo Ono, Osaka Naoshi Suzuki, Osaka Hitoshi Tabata, Osaka under the auspices of the Japan Ministry of Education, Culture, Sports, Science and Technology (MEXT) Special Coordination Funds for Promoting Science and Technology, and the sponsorship of Osaka University and the International Institute for Advanced Studies (IIAS). The conference is intended to provide an international forum for experimental and theoretical researchers, in the rapidly developing field of nanospintronics. It aims to: provide an overview of our current understanding of the physics of spin transport in (magnetic) semiconductors and hybrid magnetic/semiconductor structures; provide a venue to present and discuss the latest developments in using spin-dependent phenomena in nano-(opto-) electronics and computing applications; provide a venue for discussion and assessment of other possible means of exploiting the spin-dependent phenomena in future nano-(opto-) electronic and computing applications; address current (and foreseeable future) problems, of fundamental and applied nature, in an effort to bridge the physics and technology gap between semiconducting and magnetic materials. All of these being geared towards bringing about the realization of a functioning nanospintronics. A total of 127 delegates from 15 countries took part in ICNDR 2004, which was comprised of 62 invited

  7. Realized Beta GARCH

    DEFF Research Database (Denmark)

    Hansen, Peter Reinhard; Lunde, Asger; Voev, Valeri Radkov

    2014-01-01

    We introduce a multivariate generalized autoregressive conditional heteroskedasticity (GARCH) model that incorporates realized measures of variances and covariances. Realized measures extract information about the current levels of volatilities and correlations from high-frequency data, which...... is particularly useful for modeling financial returns during periods of rapid changes in the underlying covariance structure. When applied to market returns in conjunction with returns on an individual asset, the model yields a dynamic model specification of the conditional regression coefficient that is known...... as the beta. We apply the model to a large set of assets and find the conditional betas to be far more variable than usually found with rolling-window regressions based exclusively on daily returns. In the empirical part of the paper, we examine the cross-sectional as well as the time variation...

  8. Forecasting risks of natural gas consumption in Slovenia

    Energy Technology Data Exchange (ETDEWEB)

    Potocnik, Primoz; Govekar, Edvard; Grabec, Igor [Laboratory of Synergetics, Ljubljana (Slovenia). Faculty of Mechanical Engineering; Thaler, Marko; Poredos, Alojz [Laboratory for Refrigeration, Ljubljana (Slovenia). Faculty of Mechanical Engineering

    2007-08-15

    Efficient operation of modern energy distribution systems often requires forecasting future energy demand. This paper proposes a strategy to estimate forecasting risk. The objective of the proposed method is to improve knowledge about expected forecasting risk and to estimate the expected cash flow in advance, based on the risk model. The strategy combines an energy demand forecasting model, an economic incentive model and a risk model. Basic guidelines are given for the construction of a forecasting model that combines past energy consumption data, weather data and weather forecast. The forecasting model is required to estimate expected forecasting errors that are the basis for forecasting risk estimation. The risk estimation strategy also requires an economic incentive model that describes the influence of forecasting accuracy on the energy distribution systems' cash flow. The economic model defines the critical forecasting error levels that most strongly influence cash flow. Based on the forecasting model and the economic model, the development of a risk model is proposed. The risk model is associated with critical forecasting error levels in the context of various influential parameters such as seasonal data, month, day of the week and temperature. The risk model is applicable to estimating the daily forecasting risk based on the influential parameters. The proposed approach is illustrated by a case study of a Slovenian natural gas distribution company. (author)

  9. Politics of energy forecasting. A comparative study of energy forecasting in Western Europe and North America

    Energy Technology Data Exchange (ETDEWEB)

    Baumgartner, T.; Midttun, A. (eds.)

    1987-01-01

    The comprehensive book presented covers the theory and praxis of energy modelling, pitfalls of mega-modelling and negotiated futures eg. energy forecasting in West Germany. Elites and professionals, electricity forecasting in Norway, Denmark and France, and market competition are reviewed, and comparative notes on politics and methodology are given.

  10. Mercury emissions from municipal solid waste combustors. An assessment of the current situation in the United States and forecast of future emissions

    Energy Technology Data Exchange (ETDEWEB)

    None

    1993-05-01

    This report examines emissions of mercury (Hg) from municipal solid waste (MSW) combustion in the United States (US). It is projected that total annual nationwide MSW combustor emissions of mercury could decrease from about 97 tonnes (1989 baseline uncontrolled emissions) to less than about 4 tonnes in the year 2000. This represents approximately a 95 percent reduction in the amount of mercury emitted from combusted MSW compared to the 1989 mercury emissions baseline. The likelihood that routinely achievable mercury emissions removal efficiencies of about 80 percent or more can be assured; it is estimated that MSW combustors in the US could prove to be a comparatively minor source of mercury emissions after about 1995. This forecast assumes that diligent measures to control mercury emissions, such as via use of supplemental control technologies (e.g., carbon adsorption), are generally employed at that time. However, no present consensus was found that such emissions control measures can be implemented industry-wide in the US within this time frame. Although the availability of technology is apparently not a limiting factor, practical implementation of necessary control technology may be limited by administrative constraints and other considerations (e.g., planning, budgeting, regulatory compliance requirements, etc.). These projections assume that: (a) about 80 percent mercury emissions reduction control efficiency is achieved with air pollution control equipment likely to be employed by that time; (b) most cylinder-shaped mercury-zinc (CSMZ) batteries used in hospital applications can be prevented from being disposed into the MSW stream or are replaced with alternative batteries that do not contain mercury; and (c) either the amount of mercury used in fluorescent lamps is decreased to an industry-wide average of about 27 milligrams of mercury per lamp or extensive diversion from the MSW stream of fluorescent lamps that contain mercury is accomplished.

  11. Evaluation of numerical weather prediction model precipitation forecasts for short-term streamflow forecasting purpose

    Directory of Open Access Journals (Sweden)

    D. L. Shrestha

    2013-05-01

    Full Text Available The quality of precipitation forecasts from four Numerical Weather Prediction (NWP models is evaluated over the Ovens catchment in Southeast Australia. Precipitation forecasts are compared with observed precipitation at point and catchment scales and at different temporal resolutions. The four models evaluated are the Australian Community Climate Earth-System Simulator (ACCESS including ACCESS-G with a 80 km resolution, ACCESS-R 37.5 km, ACCESS-A 12 km, and ACCESS-VT 5 km. The skill of the NWP precipitation forecasts varies considerably between rain gauging stations. In general, high spatial resolution (ACCESS-A and ACCESS-VT and regional (ACCESS-R NWP models overestimate precipitation in dry, low elevation areas and underestimate in wet, high elevation areas. The global model (ACCESS-G consistently underestimates the precipitation at all stations and the bias increases with station elevation. The skill varies with forecast lead time and, in general, it decreases with the increasing lead time. When evaluated at finer spatial and temporal resolution (e.g. 5 km, hourly, the precipitation forecasts appear to have very little skill. There is moderate skill at short lead times when the forecasts are averaged up to daily and/or catchment scale. The precipitation forecasts fail to produce a diurnal cycle shown in observed precipitation. Significant sampling uncertainty in the skill scores suggests that more data are required to get a reliable evaluation of the forecasts. The non-smooth decay of skill with forecast lead time can be attributed to diurnal cycle in the observation and sampling uncertainty. Future work is planned to assess the benefits of using the NWP rainfall forecasts for short-term streamflow forecasting. Our findings here suggest that it is necessary to remove the systematic biases in rainfall forecasts, particularly those from low resolution models, before the rainfall forecasts can be used for streamflow forecasting.

  12. Cracks in the crystal ball : What happens to firms’ foreign exchange rate exposure when forecasters don’t agree about the future

    NARCIS (Netherlands)

    A. Muller (Aline); J. Poncelet (Julien); W.F.C. Verschoor (Willem); R.C.J. Zwinkels (Remco)

    2013-01-01

    textabstractThe central issue of this paper is whether stock prices are exposed to total exchange rate movements – as traditionally measured – or to revisions in expected future exchange rate movements and unanticipated currency shocks, and by how much of each. Based on a sample of 1675 U.S. firms

  13. Cracks in the crystal ball : What happens to firms’ foreign exchange rate exposure when forecasters don’t agree about the future

    NARCIS (Netherlands)

    A. Muller (Aline); J. Poncelet (Julien); W.F.C. Verschoor (Willem); R.C.J. Zwinkels (Remco)

    2013-01-01

    textabstractThe central issue of this paper is whether stock prices are exposed to total exchange rate movements – as traditionally measured – or to revisions in expected future exchange rate movements and unanticipated currency shocks, and by how much of each. Based on a sample of 1675 U.S. firms o

  14. Roughing It Up: Including Jump Components in the Measurement, Modeling and Forecasting of Return Volatility

    DEFF Research Database (Denmark)

    Bollerslev, Tim; Andersen, Torben G.; Diebold, Francis X.

    A rapidly growing literature has documented important improvements in financial return volatility measurement and forecasting via use of realized variation measures constructed from high-frequency returns coupled with simple modeling procedures. Building on recent theoretical results in Barndorff...... bond yield, we find that jumps are both highly prevalent and distinctly less persistent than the continuous sample path variation process. Moreover, many jumps appear directly associated with specific macroeconomic news announcements. Separating jump from non-jump movements in a simple...... but sophisticated volatility forecasting model, we find that almost all of the predictability in daily, weekly, and monthly return volatilities comes from the non-jump component. Our results thus set the stage for a number of interesting future econometric developments and important financial applications...

  15. Roughing It Up: Including Jump Components in the Measurement, Modeling and Forecasting of Return Volatility

    DEFF Research Database (Denmark)

    Bollerslev, Tim; Andersen, Torben G.; Diebold, Francis X.

    -Nielsen and Shephard (2004a, 2005) for related bi-power variation measures, the present paper provides a practical and robust framework for non-parametrically measuring the jump component in asset return volatility. In an application to the DM/$ exchange rate, the S&P500 market index, and the 30-year U.S. Treasury......A rapidly growing literature has documented important improvements in financial return volatility measurement and forecasting via use of realized variation measures constructed from high-frequency returns coupled with simple modeling procedures. Building on recent theoretical results in Barndorff...... but sophisticated volatility forecasting model, we find that almost all of the predictability in daily, weekly, and monthly return volatilities comes from the non-jump component. Our results thus set the stage for a number of interesting future econometric developments and important financial applications...

  16. Incorporating weather uncertainty in demand forecasts for electricity market planning

    Science.gov (United States)

    Ziser, C. J.; Dong, Z. Y.; Wong, K. P.

    2012-07-01

    A major component of electricity network planning is to ensure supply capability into the future, through generation and transmission development. Accurate forecasts of maximum demand are a crucial component of this process, with future weather conditions having a large impact on forecast accuracy. This article presents an improved methodology for the consideration of weather uncertainty in electricity demand forecasts. Case studies based on the Australian national electricity market are used to validate the proposed methodology.

  17. Extravehicular Activity (EVA) Technology Development Status and Forecast

    Science.gov (United States)

    Chullen, Cinda; Westheimer, David T.

    2010-01-01

    Beginning in Fiscal Year (FY) 2011, Extravehicular activity (EVA) technology development became a technology foundational domain under a new program Enabling Technology Development and Demonstration. The goal of the EVA technology effort is to further develop technologies that will be used to demonstrate a robust EVA system that has application for a variety of future missions including microgravity and surface EVA. Overall the objectives will be reduce system mass, reduce consumables and maintenance, increase EVA hardware robustness and life, increase crew member efficiency and autonomy, and enable rapid vehicle egress and ingress. Over the past several years, NASA realized a tremendous increase in EVA system development as part of the Exploration Technology Development Program and the Constellation Program. The evident demand for efficient and reliable EVA technologies, particularly regenerable technologies was apparent under these former programs and will continue to be needed as future mission opportunities arise. The technological need for EVA in space has been realized over the last several decades by the Gemini, Apollo, Skylab, Space Shuttle, and the International Space Station (ISS) programs. EVAs were critical to the success of these programs. Now with the ISS extension to 2028 in conjunction with a current forecasted need of at least eight EVAs per year, the EVA technology life and limited availability of the EMUs will become a critical issue eventually. The current Extravehicular Mobility Unit (EMU) has vastly served EVA demands by performing critical operations to assemble the ISS and provide repairs of satellites such as the Hubble Space Telescope. However, as the life of ISS and the vision for future mission opportunities are realized, a new EVA systems capability could be an option for the future mission applications building off of the technology development over the last several years. Besides ISS, potential mission applications include EVAs for

  18. Measurement of CSI 300 stock index futures volatility under high-frequency environment-Methods based on realized volatility and its modification%高频环境下沪深300股指期货波动测度——基于已实现波动及其改进方法

    Institute of Scientific and Technical Information of China (English)

    龙瑞; 谢赤; 曾志坚; 罗长青

    2011-01-01

    作为中国唯一上市交易的金融期货产品,沪深300股指期货在资本市场价格发现和风险防范过程中扮演重要角色,科学准确地测度其收益波动对充分实现股指期货避险功能具有重要理论和现实价值,在日内高频信息环境下分别采用经典已实现波动率、已实现极差波动率和已实现双幂波动率等三类方法对沪深300股指期货的收益波动进行测度,通过样本内预测误差指标对上述方法的测度性能进行比较,实证结果表明:沪深300股指期货在上市交易后表现出由剧烈波动到渐趋平稳的波动特征,已实现波动的改进方法在沪深300股指期货收益波动的测度性能上具有较为明显的优越性.%As the only publicly launched financial futures contracts of China, CSI 300 stock index futures plays an important role in the process of price discovery and risk prevention of the capital market. The measurement of its return volatility is significantly important to achieve the risk aversion function of stock index futures. Under the intraday high-frequency data environment, the return volatility of Chinese CSI 300 stock index futures was measured by realized volatility methods including clasaical realized volatility,realized range-based volatility and realized bipower volatility. The in-sample prediction error indicators were introduced to di8tinguish the performance of the methods above. The empirical results indicate that the return volatility of CSI 300 stock index futures fluctuated fiercely at the beginning after listing while then changed to be stable, and modified methods of realized volatility show a better measurement performance of retIlrn volatility of CSI 300 stock index futures than classical realized volatility.

  19. Strategy of VHTR Realization

    Energy Technology Data Exchange (ETDEWEB)

    Chang, Jonghwa [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2015-10-15

    High temperature gas cooled reactor has been developed since 1956. Fundamental idea of a gas cooled reactor is to achieve high temperature which is suitable for high efficiency application such as electricity generation. The core is composed of ceramics, graphite blocks which are mechanical stable up to very high temperature. Fuel is ceramics, TRISO ( tri-isotropic coated micro particle) whose dense coating layers work as small radioactivity containment. Coolant is inert gas, helium, which is stable chemically, neutronically, and thermal hydraulically. Several test reactors such as DRE, PB-1, FSV, AVR, THTR, HTTR, HTR-10 were built and demonstrated their safety. Large GA-HTR, RSA-PBMR projects are canceled and US-NGNP project is idling. Only Chinese HTR-PM demonstrator is under construction. HTGR has long history of development. For realization and market penetration, VHTR community should look at niche market such as carbon free energy supply to industry complex, electric power for small grid, carbon free hydrogen production, power source for space colony. Technology Readiness Level should be advanced to get proper investment from industry. For this, cooperation between international R and D institutions is required. Clearly divided role between universities, research institutions, and industries will reduce complication and shorten VHTR realization day.

  20. Short-Term Electrical Peak Demand Forecasting in a Large Government Building Using Artificial Neural Networks

    Directory of Open Access Journals (Sweden)

    Jason Grant

    2014-03-01

    Full Text Available The power output capacity of a local electrical utility is dictated by its customers’ cumulative peak-demand electrical consumption. Most electrical utilities in the United States maintain peak-power generation capacity by charging for end-use peak electrical demand; thirty to seventy percent of an electric utility’s bill. To reduce peak demand, a real-time energy monitoring system was designed, developed, and implemented for a large government building. Data logging, combined with an application of artificial neural networks (ANNs, provides short-term electrical load forecasting data for controlled peak demand. The ANN model was tested against other forecasting methods including simple moving average (SMA, linear regression, and multivariate adaptive regression splines (MARSplines and was effective at forecasting peak building electrical demand in a large government building sixty minutes into the future. The ANN model presented here outperformed the other forecasting methods tested with a mean absolute percentage error (MAPE of 3.9% as compared to the SMA, linear regression, and MARSplines MAPEs of 7.7%, 17.3%, and 7.0% respectively. Additionally, the ANN model realized an absolute maximum error (AME of 8.2% as compared to the SMA, linear regression, and MARSplines AMEs of 26.2%, 45.1%, and 22.5% respectively.