August 26, 2009

Looking for a Good Forecast?

Michael Giberson Philip Tetlock – the expert on political expertise – reviews three books on political forecasting for The National Interest, but the problem of selecting a good forecast equally applies in commerce: Reading these three books, it is easy to feel like a frustrated shopper wandering aimlessly down the forecasting aisle in the supermarket …

Looking for a Good Forecast? Read More »

Give It Away Now: Wind Power and the Price of Electricity

Michael Giberson Forbes recently ran a story by Jonathon Farey, “Wind Power’s Weird Effect,” about how sometimes high wind power output and limited transmission capability combine to produce wholesale power prices dropping to zero or below.  (Of course regular readers here have been aware of the issue at least since last November.) Much more informative …

Give It Away Now: Wind Power and the Price of Electricity Read More »

Appliance Sales to Get ‘cash for Clunkers’ Boost?

Michael Giberson In the news, reports of a “cash for clunkers” program for major appliances: USA Today: Appliances get their own recycled clunkers programs; Business Week:  Latest in Stimulus: ‘Cash for Refrigerators’; Associated Press: Meltdown 101: Government cash for green appliances. From Business Week: Beginning late this fall, the program authorizes rebates of $50 to …

Appliance Sales to Get ‘cash for Clunkers’ Boost? Read More »