In the STEPAR method, PROC FORECAST first fits a time trend model to the series and takes the difference between each value and the estimated trend. (This process is called detrending.) Then, the ...

Impacts of the 2018 earthquake near Wasilla. Earthquakes had a quieter year in 2022. (Photo courtesy of U.S. Geological Survey) In 2018, a magnitude 7.1 earthquake rocked Southcentral Alaska, leading ...

An international research group has developed a novel intraday probabilistic forecast method for surface solar radiation. The new methodology, dubbed SolarSTEPS, is reportedly the first probabilistic ...

Accurate predictions of extreme events do not necessarily indicate the scientific superiority of the forecaster or the forecast method from which they originate. The way forecast evaluation is ...

Every company that uses sales forecasts possesses its own technique to approach the forecasting process. Some companies have a dedicated team of forecast professionals while others use the sales staff ...

Policymakers and market analysts have long been interested in future trends of households. Among household projection methods, the ProFamy extended cohort-component method, as one alternative to the ...

Properly forecasting sales helps you plan and prepare for the months and years ahead, allowing you to control costs and focus on successful growth strategies. A good sales forecasting methodology also ...

While there were fears of an all-India drought and that the country could end up with less than 90% of its monsoon quota, the country did get 92% of the normal 89cm due to excessive rains in August ...