D . James Baker, head of the National Oceanic and Atmospheric Administration, noted that hurricane track forecast error has been reduced over the last few decades.
32.
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.
33.
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.
34.
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.
35.
The amount of forecast error variance of variable j accounted for by exogenous shocks to variable k is given by \ omega _ { jk, h },
36.
In simple cases, a forecast is compared with an outcome at a single time-point and a summary of forecast errors is constructed over a collection of such time-points.
37.
The two most popular measures of accuracy that incorporate the forecast error are the Mean Absolute Error ( MAE ) and the Root Mean Squared Error ( RMSE ).
38.
If we observe the average forecast error for a time-series of forecasts for the same product or phenomenon, then we call this a calendar forecast error or time-series forecast error.
39.
"Our 48-hour forecast error for Jeanne was 74 nautical miles, " Mayfield says . " From Charley to Ivan to Frances, they've all been well below the error rate ."
40.
If we observe the average forecast error for a time-series of forecasts for the same product or phenomenon, then we call this a calendar forecast error or time-series forecast error.
