Short Time Series Forecasting: Recommended Methods and Techniques

Autor: Mariel Abigail Cruz-Nájera, Mayra Guadalupe Treviño-Berrones, Mirna Patricia Ponce-Flores, Jesús David Terán-Villanueva, José Antonio Castán-Rocha, Salvador Ibarra-Martínez, Alejandro Santiago, Julio Laria-Menchaca
Jazyk: angličtina
Rok vydání: 2022
Předmět:
Zdroj: Symmetry; Volume 14; Issue 6; Pages: 1231
ISSN: 2073-8994
DOI: 10.3390/sym14061231
Popis: This paper tackles the problem of forecasting real-life crime. However, the recollected data only produced thirty-five short-sized crime time series for three urban areas. We present a comparative analysis of four simple and four machine-learning-based ensemble forecasting methods. Additionally, we propose five forecasting techniques that manage the seasonal component of the time series. Furthermore, we used the symmetric mean average percentage error and a Friedman test to compare the performance of the forecasting methods and proposed techniques. The results showed that simple moving average with seasonal removal techniques produce the best performance for these series. It is important to highlight that a high percentage of the time series has no auto-correlation and a high level of symmetry, which is deemed as white noise and, therefore, difficult to forecast.
Databáze: OpenAIRE
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