statistical forecast

statistical forecast

[stə′tis·tə·kəl ′fȯr‚kast]
(meteorology)
A weather forecast based upon a systematic statistical examination of the past behavior of the atmosphere, as distinguished from a forecast based upon thermodynamic and hydrodynamic considerations.
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According to the ESPN-owned website's Soccer Power Index, which is combined with Town's current league form to produce a statistical forecast of the rest of the campaign, the Terriers have more than a 99 per cent chance of being relegated in May, with Jan Siewert's side currently 13 points adrift of safety.
The Logility Voyager Demand Planning system helped Continental Mills convert its businesses from an administration-heavy forecasting process to a statistical forecast, which significantly reduced time and effort.
Apart from the above elements, the Hemoglobinopathies Market research report provides a 360-degree view of the Hemoglobinopathies industry with geographic segmentation, statistical forecast and the competitive landscape.
The comparative analysis of weather forecasts presented here points out the challenge in issuing heat alerts based purely on numerical or statistical forecast models given that forecast quality varies with forecast products and issuing time frames.
Figure 4 also demonstrates that the statistical forecast model can successfully reconstruct the large magnitudes of extreme precipitation years in 1969, 1980, 1991, 1998, and 2010, with the forecasting values being close to the observed values.
The revenue management method initially adopted in the multifamily industry followed the statistical forecast model as a platform to determine the price.
Our early December statistical forecast methodology shows evidence over 58 past years that significant improvement over climatology can be attained."
The market intelligence, coupled with a statistical forecast, allowed the demand planning group to provide supply planning with a realistic picture of customer demand.
IRM solutions include Forecast System "iOPT_PRO" (statistical forecast of consumption, prices, hydro inflow, etc.); Optimization System "iOPT_OPT" (MILP optimizer for portfolios, networks of storage, generation and consumption as well as transport paths); Physical Asset Management System "iOPT_TRADE"; and Strategic Planning System "iPLAN".

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