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Climate change is predicted to substantially alter forest growth. Optimally, forest owners should take these future changes into account when making rotation decisions today. However, the fundamental uncertainty surrounding climate change makes predicting these shifts hard. Hence, this paper...
Persistent link: https://www.econbiz.de/10012015877
Hurricanes are among the costliest natural disasters in the world, with a significant portion of their impact linked to … the US and develop a new approach for measuring the social value of forecast improvements. We find that pre …-landfall federal protective expenditures exponentially increase with the forecast wind speed and with the degree of uncertainty about …
Persistent link: https://www.econbiz.de/10013426083
usefulness for forecasting real oil prices and global petroleum consumption. We find that world industrial production is one of …
Persistent link: https://www.econbiz.de/10012213172
Persistent link: https://www.econbiz.de/10003662971
science and scientists. Building on the “impressionable years hypothesis” that attitudes are durably formed during the ages 18 … reduces trust in scientists and in the benefits of their work. We also illustrate that the decline in trust is driven by the …
Persistent link: https://www.econbiz.de/10012431802
Futures markets are a potentially valuable source of information about price expectations. Exploiting this information has proved difficult in practice, because time-varying risk premia often render the futures price a poor measure of the market expectation of the price of the underlying asset....
Persistent link: https://www.econbiz.de/10011434566
. We provide evidence on scientists' truth-telling from two incentivized coin-tossing experiments with more than 1 …,300 scientists. Experiment I, with predominantly European and North-American scientists, shows that fewer scientists over … replicate Experiment I's effect for North-American scientists, but find the opposite for Southern European and East …
Persistent link: https://www.econbiz.de/10014456314
Many countries consider the lifting of restrictions of social contacts (RSC). We quantify the effects of RSC for Germany. We initially employ a purely statistical approach to predicting prevalence of COVID19 if RSC were upheld after April 20. We employ these findings and feed them into our...
Persistent link: https://www.econbiz.de/10012206629
the no-change forecast. Our key finding is that substantial reductions in the mean-squared prediction error (MSPE) of … greater reductions in MSPEs are possible by constructing a pooled forecast that assigns equal weight to five of the most …
Persistent link: https://www.econbiz.de/10011429580
We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian Continental Shelf (NCS). A unique and detailed dataset containing data from 109 different fields on the NCS between 1970 and 2015 was employed. A set of 1080 autoregressive distributed...
Persistent link: https://www.econbiz.de/10011544319