Challenges for context-driven time series forecasting

Research output: Contribution to journalResearch articleContributedpeer-review

Contributors

Abstract

Predicting time series is a crucial task for organizations, since decisions are often based on uncertain information. Many forecasting models are designed from a generic statistical point of view. However, each real-world application requires domain-specific adaptations to obtain high-quality results. All such specifics are summarized by the term of context. In contrast to current approaches, we want to integrate context as the primary driver in the forecasting process. We introduce context-driven time series forecasting focusing on two exemplary domains: renewable energy and sparse sales data. In view of this, we discuss the challenge of context integration in the individual process steps.

Details

Original languageEnglish
Article number5
JournalJournal of Data and Information Quality
Volume7
Issue number1-2
Publication statusPublished - 19 Apr 2016
Peer-reviewedYes

External IDs

ORCID /0000-0001-8107-2775/work/198592306

Keywords

Research priority areas of TU Dresden

DFG Classification of Subject Areas according to Review Boards

Subject groups, research areas, subject areas according to Destatis

Sustainable Development Goals

Keywords

  • Forecast evaluation, Model selection, Renewable energy, Sales data, Uncertain data