forecast error in a sentence

Examples

1. Page had the largest average track forecast errors of all the typhoons in 1994, mainly due to failures in expecting its recurvature.
2. Content : Example of portfolio spread forecast using an optimal ARMA ( autoregressive moving average ) model and the associated forecast error bounds.
3. David Orrell argues that the major contributor to weather forecast error is model error, with sensitivity to initial conditions playing a relatively small role.
4. It determines how much of the forecast error variance of each of the variables can be explained by exogenous shocks to the other variables.
5. Percentage errors are simply forecast errors converted into percentages and are given by P _ t = 100E _ t / Y _ t.
6. Across the ten elections from 1976 to 2012, equally weighted predictors reduced the forecast error of the original regression models on average by four percent.
7. Forecast errors can be evaluated using a variety of methods namely mean percentage error, root mean squared error, mean absolute percentage error, mean squared error.
8. But, he said, even at 24 hours out, the average track forecast error was about 90 miles, the distance between Fort Lauderdale and Fort Pierce.
9. Forecast error can be a calendar forecast error or a cross-sectional forecast error, when we want to summarize the forecast error over a group of units.
10. A typical measure of bias of forecasting procedure is the arithmetic mean or expected value of the forecast errors, but other measures of bias are possible.