Showing 1 - 10 of 87
Policymakers need to know whether prediction is possible and if so whether any proposed forecasting method will provide forecasts that are substantively more accurate than those from the relevant benchmark method. Inspection of global temperature data suggests that it is subject to irregular...
Persistent link: https://www.econbiz.de/10009438426
Climate is complex, uncertain, and, over horizons that are relevant for policy decisions, varies little. Using evidence-based (scientific) forecasting principles, we determined that for such a situation a naïve “no change” extrapolation method was the appropriate benchmark. We tested this...
Persistent link: https://www.econbiz.de/10015214533
Policymakers need to know whether prediction is possible and if so whether any proposed forecasting method will provide forecasts that are substantively more accurate than those from the relevant benchmark method. Inspection of global temperature data suggests that it is subject to irregular...
Persistent link: https://www.econbiz.de/10015215774
The extinction of polar bears by the end of the 21st century has been predicted and calls have been made to list them as a threatened species under the U.S. Endangered Species Act. The decision on whether or not to list rests upon forecasts of what will happen to the bears over the 21st Century....
Persistent link: https://www.econbiz.de/10015246841
We assessed three important criteria of forecastability—simplicity, certainty, and variability. Climate is complex due to many causal variables and their variable interactions. There is uncertainty about causes, effects, and data. Using evidence-based (scientific) forecasting principles, we...
Persistent link: https://www.econbiz.de/10015213834
Policymakers need to know whether prediction is possible and, if so, whether any proposed forecasting method will provide forecasts that are substantially more accurate than those from the relevant benchmark method. An inspection of global temperature data suggests that temperature is subject to...
Persistent link: https://www.econbiz.de/10009483647
We used 59 biographical variables to create a “bio-index” for forecasting U.S. presidential elections. The bio-index method counts the number of variables for which a candidate rates favourably, and the forecast is that the candidate with the highest score would win the popular vote. The...
Persistent link: https://www.econbiz.de/10009438425
I examined six ways of selecting forecasting methods: Convenience, “what’s easy,” is inexpensive, but risky. Market popularity, “what others do,” sounds appealing but is unlikely to be of value because popularity and success may not be related and because it overlooks some methods....
Persistent link: https://www.econbiz.de/10009438427
This paper examines a strategy for structuring one type of domain knowledge for use in extrapolation. It does so by representing information about causality and using this domain knowledge to select and combine forecasts. We use five categories to express causal impacts upon trends: growth,...
Persistent link: https://www.econbiz.de/10009438501
Those making environmental decisions must not only characterize the present, they must also forecast the future. They must do so for at least two reasons. First, if a no-action alternative is pursued, they must consider whether current trends will be favorable or unfavorable in the future....
Persistent link: https://www.econbiz.de/10009438549