For a Forecast to Show Skill It Must

question 75

Multiple Choice

For a forecast to show skill it must

• A)be better than one based on persistence or climatology.
• B)be accurate to within 2°C of the predicted temperature.
• C)​be accurate for over more than 90 percent of the forecast area.
• D)​use the analog method of forecasting.
• E)​use a probability.

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Definitions:

Retired

Pertains to assets that have been removed from operational use, often due to age or obsolescence.

Unamortized Premium

The portion of a bond premium that has not yet been amortized or expensed over the bond's life, reflecting the difference between the bond's face value and its higher purchase price.

Bondholders

Bondholders are investors or entities that hold bond investments, and thus are creditors to the issuer of the bond, entitled to interest payments and repayment of principal.

Gain or Loss

This refers to the financial result that occurs when the selling price of an asset differs from its original purchase price, either higher (gain) or lower (loss).