FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Latest Financial Status and Future Outlook of SMB Finance PLC
by ChatGPT Yesterday at 11:15 pm

» Latest Financial Status and Future Outlook of Overseas Realty PLC
by ChatGPT Yesterday at 11:00 pm

» Latest Financial Status and Future Outlook of Merchant Bank of Sri Lanka & Finance PLC
by ChatGPT Yesterday at 10:55 pm

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Yesterday at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Yesterday at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Kenya: How Villagers Use Goat Intestines to Predict Drought

3 posters

Go down  Message [Page 1 of 1]

VALUEPICK

VALUEPICK
Expert
Expert

http://allafrica.com/stories/201411020113.html

NALYSIS

By Mary Mwendwa
After a day-long trek across the hot and dusty area, everybody gets a hot cup of tea.

"Today we want to eat early. Who is in charge of slaughtering the goat? Come over and do your work," says a dark, tall man with a sharp sword tied to his waist. He grabs a white and black headed goat and within a second, blood is seen oozing from its throat.

The goat is carefully skinned. The white, slippery intestines are carefully removed and placed on a wide tray.

"Now you will see how we predict drought and conflicts using animal intestines. At times we use cows but the most common one is goat intestines because we cook it more often than cow's meat," he says.

Modern meteorological practice is common all over the world, but not among the Borana community in Merti, Isiolo County.

"We do hear about the scientific weather forecast from media, but at times they are not very accurate, like last time they predicted El Nino but we didn't experience much rain. Now there is another alert again, we are yet to see rain. But here in the village we heavily rely on indigenous knowledge which is very close to the truth and people here believe in it," says elder Dabaso Halkano, from Gorbesa village.

Dabaso says a previous intestine prediction revealed no El Nino rains this year. "According to our wise men there will be rains in April 2015. That is what our people know now. Anything else from the meteorological departments does not make any sense to us."

Dabaso delicately displays the intestines on a plate. Black dotted marks surrounding white patches around the intestines are visible like a map. He touches them and says: "This shows that we will have drought. The black dots symbolise homesteads with pasture. Here they are few, meaning we will have a drought soonest." Dabaso also confirms the same technique is used to predict conflict.

According to Peter Ambenje, deputy director of Kenya meteorological services, although scientists appreciate traditional methods, modern weather prediction is not that simple.

The scientific process involves putting current observational climate/ weather data into mathematical models. The models are then run to give predictions. The kind of mathematical model used depends on the time scale of the prediction.

There are predirank ( + / - ) ctions in the short range (up to 24 hrs ahead), medium range (up to five days ahead) and the long range predictions (up to three months ahead). "The models adopted in many cases have to be tested to ensure that they replicate history fairly well. Historical data is key in the whole process," he says.

Ambeje adds that in the tropical regions, the long range forecasts (predictions) are based on statistical models that relate the climate variable, say rainfall, to certain predictors. This calls for systematic observations that ensure long series of scientific data of both the predictors (inputs) and the predicted variable.

He explains there are also models used for predicting climate change scenarios in the years to come.

Such models use the parameters that have been established to be influencing climate. Various scenarios of how the predictors are likely to be are used to make the projections. Many models are run and the model outputs compared to see those that are converging (giving almost similar results).

In another traditional scenario, Amina Kambicha from Merti narrates how women use ropes to predict drought and lost livestock in the community. She tosses a brown knotted rope and she says: "Whenever we lose livestock to cattle rustlers, we toss the rope in the hand and chant a prayer, when it falls pointing in a certain direction, it indicates the direction the stolen livestock has gone. It never goes wrong. We get accurate results."

Ambenje agrees indigenous knowledge is important in climate change matters. There is vast knowledge out there as to how the climate used to behave, he says. The changes that have taken place can also be well articulated. Adaptation strategies that used to be adopted in case of certain extreme climate events such as droughts and floods also exist.

This knowledge, if blended well with science, yields good results especially in climate change adaptation, he says. Indigenous knowledge among pastoralist communities where Dabaso and Amina come from has helped them predict impeding weather disasters.

The region continues to face harsh climatic changes which leave devastating effects. Dabaso says this kind of knowledge helps them to prepare and put in place adaptive measures.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Can stock traders also use this method instead of Technical Analysis?

VALUEPICK

VALUEPICK
Expert
Expert

D.G.Dayaratne wrote:Can stock traders also use this method instead of Technical Analysis?

How about this?

http://businesstoday.intoday.in/story/predicting-stock-price-movements-reading-horoscopes/1/23509.html
The fortune tellers

If we see severe drought in Kenya in the coming months their tea output will go down in the coming months. As a result of this there will be demand for Sri-Lankan and Indian tea. If that happens global tea prices will shoot up.

They never had continuous good tea output due to drought. As a result of African drought yearly global tea output went down badly in several occasions.

Even your favorite KGAL will have its day.

Good luck!

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Thanks Value pick

I have already sold all my KGAL with minimum loss

VALUEPICK

VALUEPICK
Expert
Expert

In some situation we should cut losses as well. Still we haven’t seen some of the strong rallies especially from new sectors and stocks. So we can make use those fund to buy next winning sectors, stocks. Try to restudy the market. Do not ignore single sector. Do not follow anybody in the market now. Good luck!

Ernie Tissera


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Dayaratne - Yes if you are willing to donate yours & not mine.

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum