The short-term stability (especially the thermal stability of the ocean) makes the ENSO cycle somewhat forecastable.
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So, for every project signed, we have a 20-year forecastable cash flow and the more projects we sign, we stack on their profitability and revenue.
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But a recession is a disaster for working people, and even if this one wasn't forecastable there is still time for policymakers to soften its blow.
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" Bullard's report cites some of the Fed's forecasting errors, of which there have been many over the years, and he says changes to another "regime" different than the current set of conditions is "not forecastable.
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But, he added, "the conditions that normally lead to significant market decline are either not present or not forecastable," including an oncoming recession, a hostile Fed, dangerous inflation, investor exuberance, speculative valuations or a geopolitical shock.
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In the aftermath of the first tornado, an official inquiry was conducted into the failure to predict the destructive tornado. Air Force investigators came to the conclusion that "due to the nature of the storm it was not forecastable given the present state of the art." They also made recommendations that the meteorological community determine a tornado warning system for the public, as well as a protocol for protecting life and property at military bases. Both of these investigations began almost immediately.
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The Brown tax taxes the cash flow by using a flat rate tax. If a Brown tax is used, firms with a negative cash flows receive subsidies from the government. This is the difference to the resource rent tax, and leads to the fact that the government doesn’t have to choose a certain interest rate. It fulfils the neutral criteria of the tax, but tax revenues are not as certain as possible, since firms’ cash flows are not always forecastable.
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The International Energy Agency (IEA) forecasts that crude-by-rail exports will increase from 150,000 b/d in late 2017 to 390,000 b/d in 2019, which is much greater than the record high of 179,000 b/d in 2014. The IEA also warns that rail shipments could reach as high as 590,000 b/d in 2019 unless producers store their produced crude during peak months. The oil industry in the WCSB may need to continue to rely on rail in the forecastable future, as no major new pipeline capacity is expected to be available before 2019.
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Case Shiller Weiss was acquired by Fiserv in 2003,Fiserv Case Shiller Indexes which continues to produce the indexes. The indexes for 20 of the metropolitan areas are licensed to Standard and Poor’s, which releases the Case-Shiller index on a monthly basis. Following up on earlier research, Case and Shiller published an article in the Journal of the American Real Estate and Urban Economics Association (Case and Shiller 1990),Karl E. Case and Robert J. Shiller, "Forecasting Prices and Excess Returns in the Housing Market", AREUEA Journal (1990), 18(3): 253–273. which presented strong form tests showing the housing market was forecastable.
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