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Improving Wind Power Forecasts: Combination through Multivariate Dimension Reduction Techniques

open access: yesEnergies, 2021
Wind energy and wind power forecast errors have a direct impact on operational decision problems involved in the integration of this form of energy into the electricity system.
Marta Poncela-Blanco, Pilar Poncela
doaj   +3 more sources

Ascertaining cause-specific emergency department demand using forecast combinations [PDF]

open access: yesBMC Emergency Medicine
Background Emergency department (ED) overcrowding is a recurrent public health concern, which may be alleviated by forecasting ED visits. Numerous ED forecasting models exist, making it challenging for decision makers to select appropriate forecasts and ...
Peihong Guo   +9 more
doaj   +2 more sources

Are Negative Weights in Combining Forecasts So Bad?

open access: yesСтатистика и экономика, 2023
Purpose of the study. In this paper, we consider the problem of negativity of weight coefficients when combining forecasts. Combining forecasts as a method has long ago proved itself in practice as a good way to improve forecast accuracy. However, in the
A. A. Surkov
doaj   +1 more source

Forecasting US Inflation in Real Time

open access: yesEconometrics, 2021
We analyze real-time forecasts of US inflation over 1999Q3–2019Q4 and subsamples, investigating whether and how forecast accuracy and robustness can be improved with additional information such as expert judgment, additional macroeconomic variables, and ...
Chad Fulton, Kirstin Hubrich
doaj   +1 more source

Analyzing the Advantage of Combination of Density Forecasts in Tehran Stock Exchange [PDF]

open access: yesInternational Journal of Industrial Electronics, Control and Optimization, 2021
Today, stock market plays a key role in the economy of any country and is considered as one of the growth indicators of any economy. Gaining the skills of gathering and analyzing data simultaneously, as well as using this knowledge in economic ...
S.Raheleh Shahrokhi   +2 more
doaj   +1 more source

An Inconvenient Truth about Forecast Combinations

open access: yesMathematics, 2023
It is well-known that the weighted averages of two competing forecasts may reduce mean squared prediction errors (MSPE) and may also introduce certain inefficiencies. In this paper, we take an in-depth view of one particular type of inefficiency stemming
Pablo Pincheira-Brown   +2 more
doaj   +1 more source

Forecasting Alisadr Cave Tourism Demand using Combination of Short-term and Long-term Forecasts [PDF]

open access: yesInternational Journal of Web Research, 2022
Nowadays, the tourism industry has become one of the most important sectors in the world economy. Due to the perishability of this industry, accurate forecasting of the demand is very important for tourism planning and resource allocation.
Elaheh Malekzadeh Hamedani   +2 more
doaj   +1 more source

Can tourism confidence index improve tourism demand forecasts? [PDF]

open access: yesJournal of Tourism Futures, 2016
Purpose – The link between confidence and economic decisions has been widely covered in the economic literature, yet it is still an unexplored field in tourism.
Valeria Croce
doaj   +1 more source

Multistep Forecast Averaging with Stochastic and Deterministic Trends

open access: yesEconometrics, 2023
This paper presents a new approach to constructing multistep combination forecasts in a nonstationary framework with stochastic and deterministic trends.
Mohitosh Kejriwal   +2 more
doaj   +1 more source

Analysis of Weighting Strategies for Improving the Accuracy of Combined Forecasts

open access: yesMathematics, 2022
This paper deals with the weighted combination of forecasting methods using intelligent strategies for achieving accurate forecasts. In an effort to improve forecasting accuracy, we develop an algorithm that optimizes both the methods used in the ...
José V. Segura-Heras   +3 more
doaj   +1 more source

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