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Because these projects reinforce the status quo, they are assumed to possess highly accurate projections.
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Scientist Rosh Ranasinghe, associate professor at UNESCO-IHE and TU Delft, has now succeeded in developing a new model that is able to produce much more accurate projections.
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Yet we continue to operate as if we can magically superimpose control, accurate long-range forecasts, accurate budget projections, ever-increasing performance arrows and other products of strictly linear thinking on those complex and interwoven conditions beyond our four walls and that, somehow, it will all work out just as planned.
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Few investors bothered about where the toll road was located or how accurate the revenue projections were.
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But, over the past few days a string of gloomy steel production and iron ore price forecasts has trimmed the share prices of all iron ore miners with the potential for worse to come if the price projections are accurate.
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OMB's long-term projections any more accurate?
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This change to the win probability model made our Champions League projections a little more accurate.
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First, budget projections depend on an accurate estimate of economic growth.
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Yet if the current, more cautious projections turn out to be broadly accurate, they imply, for most countries, a slow recovery from last year's global downturn.
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The models produce projections or scenarios which are no more accurate than the assumptions, algorithms and data , often of poor quality, which were put into them.
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