scholarly journals Inherent Bounds on Forecast Accuracy due to Observation Uncertainty Caused by Temporal Sampling

2015 ◽  
Vol 143 (10) ◽  
pp. 4236-4243 ◽  
Author(s):  
Marion P. Mittermaier ◽  
David B. Stephenson

Abstract Synoptic observations are often treated as error-free representations of the true state of the real world. For example, when observations are used to verify numerical weather prediction (NWP) forecasts, forecast–observation differences (the total error) are often entirely attributed to forecast inaccuracy. Such simplification is no longer justifiable for short-lead forecasts made with increasingly accurate higher-resolution models. For example, at least 25% of t + 6 h individual Met Office site-specific (postprocessed) temperature forecasts now typically have total errors of less than 0.2 K, which are comparable to typical instrument measurement errors of around 0.1 K. In addition to instrument errors, uncertainty is introduced by measurements not being taken concurrently with the forecasts. For example, synoptic temperature observations in the United Kingdom are typically taken 10 min before the hour, whereas forecasts are generally extracted as instantaneous values on the hour. This study develops a simple yet robust statistical modeling procedure for assessing how serially correlated subhourly variations limit the forecast accuracy that can be achieved. The methodology is demonstrated by application to synoptic temperature observations sampled every minute at several locations around the United Kingdom. Results show that subhourly variations lead to sizeable forecast errors of 0.16–0.44 K for observations taken 10 min before the forecast issue time. The magnitude of this error depends on spatial location and the annual cycle, with the greater errors occurring in the warmer seasons and at inland sites. This important source of uncertainty consists of a bias due to the diurnal cycle, plus irreducible uncertainty due to unpredictable subhourly variations that fundamentally limit forecast accuracy.

2016 ◽  
Vol 16 (5) ◽  
pp. 1217-1237 ◽  
Author(s):  
Mark C. de Jong ◽  
Martin J. Wooster ◽  
Karl Kitchen ◽  
Cathy Manley ◽  
Rob Gazzard ◽  
...  

Abstract. Wildfires in the United Kingdom (UK) pose a threat to people, infrastructure and the natural environment. During periods of particularly fire-prone weather, wildfires can occur simultaneously across large areas, placing considerable stress upon the resources of fire and rescue services. Fire danger rating systems (FDRSs) attempt to anticipate periods of heightened fire risk, primarily for early-warning and preparedness purposes. The UK FDRS, termed the Met Office Fire Severity Index (MOFSI), is based on the Fire Weather Index (FWI) component of the Canadian Forest FWI System. The MOFSI currently provides daily operational mapping of landscape fire danger across England and Wales using a simple thresholding of the final FWI component of the Canadian FWI System. However, it is known that the system has scope for improvement. Here we explore a climatology of the six FWI System components across the UK (i.e. extending to Scotland and Northern Ireland), calculated from daily 2km × 2km gridded numerical weather prediction data and supplemented by long-term meteorological station observations. We used this climatology to develop a percentile-based calibration of the FWI System, optimised for UK conditions. We find this approach to be well justified, as the values of the "raw" uncalibrated FWI components corresponding to a very "extreme" (99th percentile) fire danger situation vary by more than an order of magnitude across the country. Therefore, a simple thresholding of the uncalibrated component values (as is currently applied in the MOFSI) may incur large errors of omission and commission with respect to the identification of periods of significantly elevated fire danger. We evaluate our approach to enhancing UK fire danger rating using records of wildfire occurrence and find that the Fine Fuel Moisture Code (FFMC), Initial Spread Index (ISI) and FWI components of the FWI System generally have the greatest predictive skill for landscape fire activity across Great Britain, with performance varying seasonally and by land cover type. At the height of the most recent severe wildfire period in the UK (2 May 2011), 50 % of all wildfires occurred in areas where the FWI component exceeded the 99th percentile. When all wildfire events during the 2010–2012 period are considered, the 75th, 90th and 99th percentiles of at least one FWI component were exceeded during 85, 61 and 18 % of all wildfires respectively. Overall, we demonstrate the significant advantages of using a percentile-based calibration approach for classifying UK fire danger, and believe that our findings provide useful insights for future development of the current operational MOFSI UK FDRS.


2010 ◽  
Vol 27 (3) ◽  
pp. 443-456 ◽  
Author(s):  
William Bell ◽  
Sabatino Di Michele ◽  
Peter Bauer ◽  
Tony McNally ◽  
Stephen J. English ◽  
...  

Abstract The sensitivity of NWP forecast accuracy with respect to the radiometric performance of microwave sounders is assessed through a series of observing system experiments at the Met Office and ECMWF. The observing system experiments compare the impact of normal data from a single Advanced Microwave Sounding Unit (AMSU) with that from an AMSU where synthetic noise has been added. The results show a measurable reduction in forecast improvement in the Southern Hemisphere, with improvements reduced by 11% for relatively small increases in radiometric noise [noise-equivalent brightness temperature (NEΔT) increased from 0.1 to 0.2 K for remapped data]. The impact of microwave sounding data is shown to be significantly less than was the case prior to the use of advanced infrared sounder data [Atmospheric Infrared Sounder (AIRS) and Infrared Atmospheric Sounding Interferometer (IASI)], with microwave sounding data now reducing Southern Hemisphere forecast errors by approximately 10% compared to 40% in the pre-AIRS/IASI period.


1982 ◽  
Vol 100 ◽  
pp. 17-21 ◽  
Author(s):  
David G. Mayes

In recent years economic forecasting has come under increasing attack for two main reasons. The first is that since 1973 the economic outlook for the United Kingdom has been worse than most people in the economy would have liked. As the purveyors of bad tidings, economic forecasters have been thought, albeit largely unconsciously, to bear some responsibility for the outcome they expect. It is implied that if it is possible to point out the dire consequences of any current policy it should be equally possible to point to a better alternative policy, and hence enable the policymaker to avoid the undesirable outcomes. This very plainly has not happened; judged by the criteria of economic growth, price inflation and unemployment the United Kingdom has done worse since 1973 than in any period of comparable length since the second world war. Indeed comparisons have been made between the last few years, 1979–81, and those of the slump in 1929–33. On that occasion, however, there was no corresponding fear of rising prices. The second source of attack has been on grounds of accuracy. Despite the great advances in technique and the considerably enhanced complexity of macroeconometric models, forecast errors have not fallen markedly during the last decade and have in some instances increased.


Author(s):  
Mark Myring ◽  
Rebecca Toppe Shortridge ◽  
William Wrege ◽  
Adlai Chester

This paper examines a short-term market reaction to unexpected earnings in the United Kingdom, Germany, and the United States. The results indicate that all three markets react quickly to earnings releases. Further, when changes in analysts forecasts are used as an indication of updated earnings expectations, all three markets respond as well. Thus, it appears that investors in both countries react to the release of unexpected earnings in a similar manner. We also examine the incremental explanatory power of analysts forecast errors over the change in earnings per share. As all three countries have well developed stock markets, investors are likely to formulate earnings expectations based on a wide range of financial and non-financial information, including analysts forecasts. Regression results indicate that in Germany, the UK and the US, both analysts' forecasts and earnings announcements are jointly associated with market returns suggesting that the analysts provide information incremental to that provided in earnings releases.


Author(s):  
Nooraisah Katmon Et.al

Our study empirically examines the relationship between corporate governance and disclosure quality from the context of the United Kingdom. While studies on corporate governance and disclosure quality are extensive, we argue that only limited studies have utilised analyst forecast accuracy as a proxy for disclosure quality. We concentrateon the analyst forecast accuracy since we value the credibility of financial analysts in forecasting the firm’s earnings. Analyst are the expert users of the firm’s information and they rely on their analysis to predict firm’s earnings as well as to make a recommendation. We derived our sample from the analyst perception on the firms with high quality of disclosure that is the Investor Relation (IR) Magazine Award. Specifically we used 127 match-paired sample (i.e., winners and non-winners) of IR Magazine Award during the year 2005-2008. We measure corporate governance using board characteristics, audit committee characteristics, chairman and audit committee multiple directorships, chairman tenure and institutional ownership. Our findings report that multiple directorship by audit committee consistently increases disclosure quality. This suggest that the multiple directorships held by audit committee in other firms potentially improve their knowledge and experience in improving the quality of disclosure.Moreover, the result also shows a negative association between audit committee financial expertiseand board independent on the extent of quality of disclosure. These findings imply that the appointment of audit committee with financial expertise as well as an independent directors are merely a ticking the box activities, thus it appears in the letter form, but not in spirit. Our results are robust across various estimation, alternative measurement as well as endogeneity test that we have conducted.


Author(s):  
Ben S. Pickering ◽  
Steven Best ◽  
David Dufton ◽  
Maryna Lukach ◽  
Darren Lyth ◽  
...  

AbstractThis study aims to verify the skill of a radar-based surface precipitation type (SPT) product with observations on the ground. Social and economic impacts can occur from SPT because it is not well forecast or observed. Observations from the United Kingdom Meteorological Office’s weather radar network are combined with post-processed numerical weather prediction (NWP) freezing level heights in a Boolean logic algorithm to create a 1 km resolution cartesian-gridded map of SPT. Here 5 years of discrete non-probabilistic outputs of rain, mixed phase, and snow are compared against surface observations made by trained observers, automatic weather stations, and laser disdrometers. The novel skill verification method developed as part of this study employs several tolerances of space and time from the SPT product, indicating the precision of the product for a desired accuracy. In general the results indicate that the tolerance verification method works well and produces reasonable statistical score ranges grounded in physical constraints. Using this method, we find that the mixed precipitation class is the least well diagnosed which is due to a negative bias in the input temperature height field, resulting in rain events frequently being classified as mixed. Snowis capturedwell by the product which is entirely reliant upon a post-processed NWP temperature field, although a single period of anomalously cold temperatures positively skewed snow scores with low-skill events. Furthermore, we conclude that more verification consistency is needed amongst studies to help identify successful approaches and thus improve SPT forecasts.


2009 ◽  
pp. 1-6 ◽  
Author(s):  
Nishan Fernando ◽  
Gordon Prescott ◽  
Jennifer Cleland ◽  
Kathryn Greaves ◽  
Hamish McKenzie

1990 ◽  
Vol 35 (8) ◽  
pp. 800-801
Author(s):  
Michael F. Pogue-Geile

1992 ◽  
Vol 37 (10) ◽  
pp. 1076-1077
Author(s):  
Barbara A. Gutek

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