Tales from tails: On the empirical distributions of forecasting errors and their implication to risk
Sign Up to like & getrecommendations! Published in 2019 at "International Journal of Forecasting"
DOI: 10.1016/j.ijforecast.2018.10.004
Abstract: Abstract When evaluating the performances of time series extrapolation methods, both researchers and practitioners typically focus on the average or median performance according to some specific error metric, such as the absolute error or the… read more here.
Keywords: empirical distributions; tails empirical; tales tails; error ... See more keywords
Impact Bias or Underestimation? Outcome Specifications Predict the Direction of Affective Forecasting Errors
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DOI: 10.1037/xge0000306
Abstract: Affective forecasts are used to anticipate the hedonic impact of future events and decide which events to pursue or avoid. We propose that because affective forecasters are more sensitive to outcome specifications of events than… read more here.
Keywords: forecasting errors; outcome specifications; impact; affective forecasting ... See more keywords
A review of Zimbabwe’s macro-fiscal forecasts
Sign Up to like & getrecommendations! Published in 2017 at "African Journal of Economic and Management Studies"
DOI: 10.1108/ajems-03-2017-0060
Abstract: Purpose - The purpose of this paper is to evaluate accuracy of macro fiscal forecasts done by Government of Zimbabwe and the spillover effects of forecasting errors over the period 2010-2015. Design/methodology/approach - In line… read more here.
Keywords: methodology; forecasting errors; macro fiscal; fiscal forecasts ... See more keywords
Energy Trading System in Microgrids With Future Forecasting and Forecasting Errors
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DOI: 10.1109/access.2018.2861993
Abstract: In this paper, we propose a periodic energy trading system model in microgrids with future forecasting and forecasting errors. In the proposed model, retailers in a microgrid can purchase (sell) energy periodically from (to) other… read more here.
Keywords: energy trading; forecasting errors; energy; trading system ... See more keywords
A transformer-based method for correcting significant wave height numerical forecasting errors
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DOI: 10.3389/fmars.2024.1374902
Abstract: Accurate significant wave height (SWH) forecasting is essential for various marine activities. While traditional numerical and mathematical-statistical methods have made progress, there is still room for improvement. This study introduces a novel transformer-based approach called… read more here.
Keywords: numerical forecasting; forecasting errors; forecasting; significant wave ... See more keywords
Unveiling Patterns in Forecasting Errors: A Case Study of 3PL Logistics in Pharmaceutical and Appliance Sectors
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DOI: 10.3390/su17010214
Abstract: Purpose: The study aims to analyze forecast errors for various time series generated by a 3PL logistics operator across 10 distribution channels managed by the operator. Design/methodology/approach: This study examines forecasting errors across 10 distribution… read more here.
Keywords: forecasting errors; forecast errors; series; study ... See more keywords