Are there more climate models similar to CPT? which are already tested in South America? The variables that I am interested to forecast is rainfall, maximum and minimum temperature.
The CPT uses some methods well known to prognóasticos. The canonical correlation analysis (CCA) is the most used. The quality of the forecasts will depend on several factors: region, predictor of type (sst is the most used), data quality (eg rain), size of data sets, etc ...
In some cases estatísicas forecasts may have better ability than the dynamic models.
The INMET (National Meteorological Institute) in Brazil makes statistical predictions (CCA) with the CPT and has good results (do not exist great statistical or dynamical models).