Challenges for context-driven time series forecasting
Research output: Contribution to journal › Research article › Contributed › peer-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 language | English |
|---|---|
| Article number | 5 |
| Journal | Journal of Data and Information Quality |
| Volume | 7 |
| Issue number | 1-2 |
| Publication status | Published - 19 Apr 2016 |
| Peer-reviewed | Yes |
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
ASJC Scopus subject areas
Keywords
- Forecast evaluation, Model selection, Renewable energy, Sales data, Uncertain data