WSI Introduces MarketFirst(TM) |
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
WSI Corp.
400 Minuteman Rd.
Andover, MA, 01810
USA
Press release date: October 27, 2006
Proprietary Technique Forecasts Government Weather Models
ANDOVER, Mass.-WSI Corporation, the world's leading provider of weather-driven business solutions, today announced WSI MarketFirst(TM), a proprietary, patent-pending technique to predict the forecast of future weather model runs, including the Global Forecasting System (GFS) model issued by NOAA. The product is unique in that it is a "forecast of a forecast", rather than a forecast of the weather.
Because weather drives the natural gas, electricity, and hydro-electric energy markets, WSI MarketFirst is issued one hour before the GFS Operational run, providing early, valuable information to energy traders. WSI MarketFirst predicts future model runs correctly 70 to 80 percent of the time.
"Energy traders are looking for unique, innovative products that give them an edge in the market," said Ira Scharf, WSI's Vice President of Energy Services. "This kind of information has been on energy traders' wish lists for a long time and WSI has met the difficult challenge and delivered it. WSI MarketFirst is truly a breakthrough product that no one else in the industry can offer."
About WSI MarketFirst
WSI MarketFirst predicts changes in the 12Z GFS Operational run, relative to the 00Z GFS Operational run, and is available one hour before the 12Z GFS is released. Available in the US and in Europe, the product is comprised of individual forecasts for each day, from day 6 to day 15, as well as two aggregate forecasts, one each for the 6-10 and 11-15 day periods. Since the 12Z GFS model is one of the primary market movers, WSI MarketFirst gives customers potentially lucrative advantages in the market.
The aggregate skill of the technique, expressed in terms of directional correctness, is 70 percent. However, for the 40 percent of WSI's forecasts in which its confidence is highest, skill increases to 80 percent.
To learn more about WSI MarketFirst please contact Tatum Vittengl at 978-983-6797.
About WSI Corporation
WSI Corporation is the world's leading provider of weather-driven business solutions for professionals in the aviation, media and energy markets, and multiple federal and state government agencies. WSI is headquartered in Andover, Massachusetts with offices in Birmingham, England, and is a wholly owned subsidiary of Landmark Communications, Inc.
More information about WSI can be found at: http://www.wsi.com
Contacts WSI Corporation Kristen Sullivan, 978-983-6607 ksullivan@wsi.com or Rudolph & Company Barbara Rudolph, 781-229-1811 bjr@rudolphandcompany.com
|
|
|
|
|
|
| 
