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Forecasting: theory and practice

arXiv.org Machine Learning

Forecasting has always been at the forefront of decision making and planning. The uncertainty that surrounds the future is both exciting and challenging, with individuals and organisations seeking to minimise risks and maximise utilities. The large number of forecasting applications calls for a diverse set of forecasting methods to tackle real-life challenges. This article provides a non-systematic review of the theory and the practice of forecasting. We provide an overview of a wide range of theoretical, state-of-the-art models, methods, principles, and approaches to prepare, produce, organise, and evaluate forecasts. We then demonstrate how such theoretical concepts are applied in a variety of real-life contexts. We do not claim that this review is an exhaustive list of methods and applications. However, we wish that our encyclopedic presentation will offer a point of reference for the rich work that has been undertaken over the last decades, with some key insights for the future of forecasting theory and practice. Given its encyclopedic nature, the intended mode of reading is non-linear. We offer cross-references to allow the readers to navigate through the various topics. We complement the theoretical concepts and applications covered by large lists of free or open-source software implementations and publicly-available databases.


Artificial Intellgence -- Application in Life Sciences and Beyond. The Upper Rhine Artificial Intelligence Symposium UR-AI 2021

arXiv.org Artificial Intelligence

The TriRhenaTech alliance presents the accepted papers of the 'Upper-Rhine Artificial Intelligence Symposium' held on October 27th 2021 in Kaiserslautern, Germany. Topics of the conference are applications of Artificial Intellgence in life sciences, intelligent systems, industry 4.0, mobility and others. The TriRhenaTech alliance is a network of universities in the Upper-Rhine Trinational Metropolitan Region comprising of the German universities of applied sciences in Furtwangen, Kaiserslautern, Karlsruhe, Offenburg and Trier, the Baden-Wuerttemberg Cooperative State University Loerrach, the French university network Alsace Tech (comprised of 14 'grandes \'ecoles' in the fields of engineering, architecture and management) and the University of Applied Sciences and Arts Northwestern Switzerland. The alliance's common goal is to reinforce the transfer of knowledge, research, and technology, as well as the cross-border mobility of students.


Roadmap on Signal Processing for Next Generation Measurement Systems

arXiv.org Artificial Intelligence

Signal processing is a fundamental component of almost any sensor-enabled system, with a wide range of applications across different scientific disciplines. Time series data, images, and video sequences comprise representative forms of signals that can be enhanced and analysed for information extraction and quantification. The recent advances in artificial intelligence and machine learning are shifting the research attention towards intelligent, data-driven, signal processing. This roadmap presents a critical overview of the state-of-the-art methods and applications aiming to highlight future challenges and research opportunities towards next generation measurement systems. It covers a broad spectrum of topics ranging from basic to industrial research, organized in concise thematic sections that reflect the trends and the impacts of current and future developments per research field. Furthermore, it offers guidance to researchers and funding agencies in identifying new prospects.


Hyperbox based machine learning algorithms: A comprehensive survey

arXiv.org Machine Learning

With the rapid development of digital information, the data volume generated by humans and machines is growing exponentially. Along with this trend, machine learning algorithms have been formed and evolved continuously to discover new information and knowledge from different data sources. Learning algorithms using hyperboxes as fundamental representational and building blocks are a branch of machine learning methods. These algorithms have enormous potential for high scalability and online adaptation of predictors built using hyperbox data representations to the dynamically changing environments and streaming data. This paper aims to give a comprehensive survey of literature on hyperbox-based machine learning models. In general, according to the architecture and characteristic features of the resulting models, the existing hyperbox-based learning algorithms may be grouped into three major categories: fuzzy min-max neural networks, hyperbox-based hybrid models, and other algorithms based on hyperbox representation. Within each of these groups, this paper shows a brief description of the structure of models, associated learning algorithms, and an analysis of their advantages and drawbacks. Main applications of these hyperbox-based models to the real-world problems are also described in this paper. Finally, we discuss some open problems and identify potential future research directions in this field.