A new technique based on multivariate analysis is described which allo
ws for the prediction of the size or maximum amplitude of cycle 23. Th
e technique uses the number of geomagnetic disturbances at selected ti
mes during the decline of cycle 22 (as precursors) to predict a maximu
m of about 152 (in terms of smoothed monthly mean sunspot numbers) for
cycle 23. On the basis of this technique, hindcasts for cycles 17-22
are shown to agree with observed values within 5%.