Showing 1 - 5 of 5
Climate is complex, uncertain, and, over horizons that are relevant for policy decisions, varies little. Using evidence-based (scientific) forecasting principles, we determined that for such a situation a naïve “no change” extrapolation method was the appropriate benchmark. We tested this...
Persistent link: https://www.econbiz.de/10015214533
Policymakers need to know whether prediction is possible and if so whether any proposed forecasting method will provide forecasts that are substantively more accurate than those from the relevant benchmark method. Inspection of global temperature data suggests that it is subject to irregular...
Persistent link: https://www.econbiz.de/10015215774
We assessed three important criteria of forecastability—simplicity, certainty, and variability. Climate is complex due to many causal variables and their variable interactions. There is uncertainty about causes, effects, and data. Using evidence-based (scientific) forecasting principles, we...
Persistent link: https://www.econbiz.de/10015213834
We assessed three important criteria of forecastability—simplicity, certainty, and variability. Climate is complex due to many causal variables and their variable interactions. There is uncertainty about causes, effects, and data. Using evidence-based (scientific) forecasting principles, we...
Persistent link: https://www.econbiz.de/10005626881
Traditional groups meetings are an inefficient and ineffective method for making forecasts and decisions. We compare two structured alternatives to traditional meetings: the Delphi technique and prediction markets. Delphi is relatively simple and cheap to implement and has been adopted for...
Persistent link: https://www.econbiz.de/10009438914