This below -
average forecast assumes a steady 2 % annual compression in multiples.
This below -
average forecast assumes a steady 2 % annual compression in multiples.
Not exact matches
Margins, as discussed, are the critical consideration: Against the highly optimistic (in our view) consensus
forecast for 2014 U.S. Net Income and EBIT Margins to reach unprecedented levels of 10.8 % and 15.7 % respectively... we conservatively
assume 2014 S&P Net Income Margin will no more than maintain the 2012 - 2013 two year
average (i.e., 9.3 %).
Assuming Morgan Stanley's long - term
forecasts are met with
average levels of volatility, investors are looking at a much flatter efficient frontier.
Further ahead, and
assuming average seasonal conditions, ABARE is
forecasting the winter crop to increase by 12 per cent in 2005/06.
Using the proposed service pricing model and the initial amount of circulating tokens the following token demand
forecast can be projected (based on daily transaction count
assuming 500 USD
average deposit):
GMO publishes a monthly asset class
forecast that mainly
assumes that in 7 years time valuations return to long term
averages.
The most recent 18 - month outlook
forecast wind production at an
average (capacity 4,000 MW growing to 4,500 MW) over 12 months at 22.2 %, which is well under the
assumed 29 - 30 % capacity claimed by wind developers.
Even when
assuming population growth at the lowest end of the
forecasts (scenario B), we estimate there to be more than one billion people in the LECZ globally by 2060 with an
average population density of 405 people / km2.
This «captured energy» metric further appears to
assume that
averaged Btu's in each kWh will continue to decline in some
forecasted fashion, primarily due to a widespread shift towards renewable form of electric generation; perhaps attributable to a full implementation of the soon deceased «Clean Power Plan» and greater reliance on renewables for electricity (if that term can be accurately used with unreliable sources.)
This would translate into an
average annual decrease in the country's electricity consumption / GDP ratio of 3.92 %, a substantial increase from the 1.47 % annual improvement
assumed by the IEA's BAU
forecasts accounting for current German efficiency policies.