A New Period-Sequential Index Forecasting Algorithm for Time Series Data

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ID: 69820
2019
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Abstract
A period-sequential index algorithm with sigma-pi neural network technology, which is called the (SPNN-PSI) method, is proposed for the prediction of time series datasets. Using the SPNN-PSI method, the cumulative electricity output (CEO) dataset, Volkswagen sales (VS) dataset, and electric motors exports (EME) dataset are tested. The results show that, in contrast to the moving average (MA), exponential smoothing (ES), and autoregressive integrated moving average (ARIMA) methods, the proposed SPNN-PSI method shows satisfactory forecasting quality due to lower error, and is more suitable for the prediction of time series datasets. It is also concluded that: There is a trend that the higher the correlation coefficient value of the reference historical datasets, the higher the prediction quality of SPNN-PSI method, and a higher value (>0.4) of correlation coefficient for SPNN-PSI method can help to improve occurrence probability of higher forecasting accuracy, and produce more accurate forecasts for the big datasets.
Reference Key
jiang2019aapplied Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Jiang, Hongyan;Fang, Dianjun;Spicher, Klaus;Cheng, Feng;Li, Boxing;
Journal applied sciences
Year 2019
DOI
DOI not found
URL
https://www.mdpi.com/2076-3417/9/20/4386
Keywords
chemistry Biology (General) Chemical technology Engineering (General). Civil engineering (General) Technology Science physics environmental effects of industries and plants renewable energy sources environmental sciences physical geography mathematics industrial engineering. management engineering

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