The Forecast Model builds upon the output of the Stock Valuation Model and combines this data with econometric and simulation techniques to output target prices for one, three, and six-month and one, two, and three-year time horizons.
Input sentences of the source language were transformed directly into output sentences of the target language, using a simple form of parsing.
In general, central banks prefer to target the inflation rate, partly because a price-level target is harder to explain, and partly because the need to reverse previous deviations from target may make output more volatile.
ONGC, which contributes just under two-thirds of local crude output, has set an ambitious target of doubling production and trebling revenue by 2030.
The Fed has an explicit dual mandate to target both inflation and output while the ECB has price stability as its primary goal.
The CAP began operating in 1962, with the then European Community intervening to buy farm output when the market price fell below an agreed target level.
In his paper he recommended that the Fed commit to keeping policy easy until the economy reaches a particular target, such as nominal GDP (ie, output unadjusted for inflation) returning to its pre-recession path.
The country now needs two more years to bring its budget deficit under the EU's ceiling of 3% of economic output, after the government conceded that weak growth meant the target for 2013 would not be met.
To start with probably the least important aspect of all this, I am surprised by how little emotion has been sparked by Mr Carney's remarks, that there might be a case for replacing narrow inflation as a target with nominal GDP target, or the cash value of annual economic output.
The higher lambda is, the more the central bank worries about output and the longer it is prepared to take to return inflation to target.
In all cases, although inflation deviates from its target in the short run, the result is to make inflation and output less variable in the long term.
On borrowing figures, the chancellor said that debt would not begin to fall as a proportion of the country's output until 2016-17, which is a year later than the government's target.
In agriculture, creating a global productivity target would help countries focus on a key but neglected area: the efficiency and output of hundreds of millions of small farmers who live in poverty.
In his speech, Mr Carney said it might make more sense in today's circumstances to target not the growth of prices (inflation) but the growth in the cash value of economic output: nominal GDP.
But a report ( pdf) by biofuels expert John Sheehan suggests that techniques developed by the company to target tumors in humans could change that process and in the process could increase algae oil output during the production of biofuels.
FORBES: Biofuel From Algae Could Compete With Oil, Report Says
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