The prediction is initialised with the mean of the observed sea ice extent for September 2009 - 2013 and an ensemble prediction is created simply by adding all of the observed changes in the sea ice extent record from one September to
the next over the historical period 1979 - 2013.
Not exact matches
Finally, if we assume a sustained explosion in productivity growth to 2.8 % annually, joining the highest quintile of
historical U.S. productivity growth rates for any 8 - year
period, and assuming an unemployment rate of just 4 % in 2024, the result would still be real U.S. GDP growth averaging just 3.2 % annually
over the
next 8 years.
If you believed that 13.7 % was the expected return for the S&P
over the same
period, and that the annual volatility of the S&P was 15.4 % (its
historical average since 1970) then you would be able to calculate that the probability of the S&P beating the Treasury
over the
next ten years is 99.9992 %.
In summary, our results show that in the CESM - LE, the range of uncertainty in projected NAO trends and associated influences on SAT and P
over the
next 30 years can be obtained to a large degree from the Gaussian statistics of NAO variability during the
historical period, with some regional exceptions possibly associated with AMOC variability.