Anomaly-aware forecast improves accuracy for extreme events.
problem Challenges in automatically detecting and learning from extreme events and anomalies in large-scale datasets.
method Proposes an anomaly-aware forecast framework that automatically detects and incorporates anomalies using an attention mechanism and dynamic uncertainty optimization.
result Demonstrated superior accuracy and reduced uncertainty on three datasets with different types of anomalies.
ForecastQA creates a new QA task for event forecasting from text data.
problem Forecasting future events from unstructured text data.
method Formulated a restricted-domain, multiple-choice QA task for event forecasting.
result Best model achieves 60.1% accuracy, lagging behind human performance by about 19%
Improves forecast calibration for extreme events using modified loss functions.
problem Improperly specified models do not issue calibrated forecasts for extreme events.
method Adapting loss functions based on weighted scoring rules and tail miscalibration regularization.
result Calibrated forecasts for extreme wind speeds can be improved by suitable adaptations to the loss function during model training.
Paper evaluates CRPS for extreme event forecasts, finding it unsuitable.
problem Verifying probabilistic forecasts of extreme events is challenging.
method Formal framework using extreme value theory to assess CRPS as a random variable.
result CRPS is unsuitable for extreme event verification.
REST framework predicts stock trends by considering stock-specific and related-stock events.
problem Predicting stock trends using event information from news, social media, and discussion boards.
method REST framework addresses two main shortcomings of existing event-driven methods: stock-specific event influence and related-stock event influence.
result REST framework achieves higher investment returns compared to baselines.
New study shows FTRL mechanism works with correlated events.
problem Forecasting competitions with correlated events.
method Introduces block correlation and uses FTRL mechanism.
result FTRL mechanism retains ε-optimal guarantee with O(b2log(n)/ε2) events for correlated events. Develops RES metrics for stable rare-event forecasting evaluation.
problem Challenges in evaluating forecasts of rare events.
method Rare-event-stable (RES) metrics designed to maintain stable thresholds under extreme rarity.
result RES metrics maintain stable thresholds, consistent model rankings, and near-complete prevalence invariance.
EventFlow forecasts event sequences without autoregression, improving accuracy.
problem Forecasting errors in autoregressive models for event sequences.
method EventFlow uses flow matching to learn joint distributions over event times directly.
result EventFlow reduces forecast error by 20%-53% compared to baselines.
New metrics improve probabilistic forecasting, especially for rare events.
problem Current evaluation frameworks for probabilistic forecasting assume independence and lack sensitivity to tail events.
method Proposed signature kernel-based metrics: Sig-MMD and CSig-MMD.
result These metrics capture complex dependencies and prioritize tail event prediction.
SPADE improves demand forecasting accuracy by 4.5% for post-promotion periods.
problem Overreacting to peak events in demand forecasting leads to biased forecasts.
method SPADE splits forecasting into two tasks: one for peak events and another for post-peak events, using masked convolution filters and a specialized Peak Attention module.
result Overall PPE improvement of 4.5%, 30% improvement for most affected forecasts after promotions and holidays, and 3.9% improvement in PE accuracy.
Proposes a model for multi-horizon probabilistic forecasting of time series influenced by asynchronous events.
problem Forecasting time series influenced by asynchronous events is challenging.
method Introduces Variational Synergetic Multi-Horizon Network (VSMHN), a deep conditional generative model combining deep point processes and variational recurrent neural networks.
result Produces accurate, sharp, and realistic probabilistic forecasts.
Develops forecast hedging for improved calibration of forecasts.
problem Improving the accuracy of forecasted frequencies.
method Combines deterministic and stochastic approaches to forecast hedging.
result Ensures expected track record can only improve.
ADD-THIN improves TPP forecasting by handling long-term data sequences.
problem Sequential limitations in autoregressive models for TPPs.
method Diffusion model for TPPs that operates on entire sequences.
result ADD-THIN outperforms state-of-the-art models in forecasting.
Graph Hawkes Neural Network forecasts evolving graph sequences.
problem Modeling dynamic graph sequences with complex event types.
method Generalized Hawkes process to neural network, capturing complex event impacts.
result Effective at predicting future events in evolving graph sequences.
Paper analyzes cyber risk classifications for forecasting performance.
problem Lack of effective out-of-sample forecasting performance in current cyber risk classifications.
method Rolling window analysis using threshold weighted scoring functions.
result Dynamic and impact-based cyber risk classifiers outperform others in forecasting future cyber risk losses.
Deep RL optimizes patient measurement scheduling for better event forecasting.
problem Optimizing patient measurements to forecast detrimental events under budget constraints.
method Deep reinforcement learning (RL) for dynamically scheduling measurements.
result Our policy reduces total measurements by 31% or improves predictive gain by a factor of 3 compared to physicians.
Hybrid model improves geopolitical conflict forecasting.
problem Forecasting geopolitical events from sparse, bursty data.
method Sparse Temporal Fusion Transformer (TFT) + Variational Nearest Neighbor Gaussian Process (VNNGP).
result Consistently outperforms standalone TFT in long-range horizons.
Study improves crash rate forecasting in Washington, D.C. using stochastic volatility model.
problem Forecasting crash rates in areas with irregular traffic patterns and exogenous events.
method Adopted a stochastic volatility model to capture heterogeneity and temporal instability.
result The stochastic volatility model outperforms conventional models in forecasting crash rates in Washington, D.C.
We propose a generic spatiotemporal event forecasting method, which we developed for the National Institute of Justice's (NIJ) Real-Time Crime Forecasting Challenge. Our method is a spatiotemporal forecasting model combining scalable randomized Reproducing Kernel Hilbert Space (RKHS) methods for approximating Gaussian …
Improved forecasting of financial risk using Diffusion-Copula framework.
problem Capturing complex, asymmetric dependence structures in financial markets.
method Explicitly decouples marginal distribution learning from dependence structure using Mixture Density Networks and Classification-Diffusion Copula.
result Superior performance in forecasting systemic extremes of marginal and joint events.
Paper predicts recycling bin full events to reduce RVM downtime.
problem Predicting bin full events to increase RVM uptime.
method Hybrid approach combining machine learning and statistical approximation.
result Forecasting leads to less downtime and costs compared to emptying strategies.
PhysicsFormer improves TSF models for GSWF with WEATHER-5K dataset.
problem Lack of comprehensive datasets for GSWF.
method PhysicsFormer combines dynamic core and Transformer, enforcing physical consistency.
result PhysicsFormer outperforms TSF models in operational forecasting.
Paper improves predictive distributions for rare events using a simple framework.
problem Local miscalibration of predictive distributions for rare events.
method Semiparametric diagnostic transport maps to correct tail probabilities.
result Semiparametric maps improve predictions for severe weather hazards.
Deep learning models learn chaotic system dynamics from real and simulated data.
problem Training deep learning models for chaotic systems requires big data.
method Jointly train deep neural networks on real and simulated data, enforcing physical laws.
result Proposes knowledge-based deep learning (KDL) for accurate forecasting of chaotic systems.
RankNet forecasts car racing positions with improved accuracy and stability.
problem Forecasting rank positions in car racing, especially considering pit stops.
method Cause-effect decomposition in RankNet, incorporating probabilistic forecasting.
result RankNet outperforms baselines significantly, improving MAE by over 10%.
Understanding player behavior is fundamental in game data science. Video games evolve as players interact with the game, so being able to foresee player experience would help to ensure a successful game development. In particular, game developers need to evaluate beforehand the impact of in-game events. Simulation opti…
ARIMA model outperforms advanced forecasting models in predicting Walmart sales.
problem Forecasting volatile retail sales trends with unknown factors.
method Benchmarked traditional ARIMA model against advanced models like Prophet and LightGBM on historical Walmart sales data.
result ARIMA model outperforms LightGBM and achieves computational efficiency.
Modeling coating degradation with fewer data points.
problem Efficiently forecasting material degradation from high-frequency sensor data.
method Discrete degradation events using Hawkes processes.
result Forecasting future coating failure with superior performance.
The study examines the discrepancies between binary forecasts and real-world outcomes, revealing their often misleading nature.
problem The confusion between binary forecasts and real-world payoffs in decision-making and prediction.
method Comparative analysis of binary forecasts, bets, and real-world continuous payoffs under different tail conditions.
result Binary forecasting abilities do not translate to better real-world performance, and vice versa, especially under nonlinearities.
Rainfall ensemble forecasts have to be skillful for both low precipitation and extreme events. We present statistical post-processing methods based on Quantile Regression Forests (QRF) and Gradient Forests (GF) with a parametric extension for heavy-tailed distributions. Our goal is to improve ensemble quality for all t…
New framework detects time-varying economic persistence.
problem Time-varying persistence in economic shocks.
method Localized regression techniques to identify evolving heterogeneity.
result Substantial persistence variations align with macroeconomic events.
We consider the forecast aggregation problem in repeated settings, where the forecasts are done on a binary event. At each period multiple experts provide forecasts about an event. The goal of the aggregator is to aggregate those forecasts into a subjective accurate forecast. We assume that experts are Bayesian; namely…
The paper introduces diagnostic transport maps to improve the reliability of rare event predictions.
problem Improper calibration of predictive distributions, especially for rare events.
method Diagnostic transport maps to adjust base model's probabilities for better calibration.
result Diagnostic transport maps improve predictive performance for rare events, including 24-hour rapid intensity change.
A novel extrapolation method is proposed for longitudinal forecasting. A hierarchical Gaussian process model is used to combine nonlinear population change and individual memory of the past to make prediction. The prediction error is minimized through the hierarchical design. The method is further extended to joint mod…
Deep model forecasts correlated multivariate time series.
problem Forecasting correlated multivariate time series.
method Deep learning structural model using CNN-LSTM architecture.
result Model outperforms state-of-the-art methods in various time series data sets.
This paper uses Hawkes processes to forecast high-frequency order flow imbalance.
problem Forecasting the asymmetry in high-frequency order flow events.
method Hawkes processes accounting for lagged dependence between bid and offer events.
result Hawkes process with a Sum of Exponential's kernel gives the best forecast of order flow imbalance.
Parity calibration aims to predict increase-decrease events, not values.
problem Forecasting future increase-decrease events rather than exact values.
method Online binary calibration method to achieve parity calibration.
result Online binary calibration achieves parity calibration effectively.
Accurate time-series forecasting is vital for numerous areas of application such as transportation, energy, finance, economics, etc. However, while modern techniques are able to explore large sets of temporal data to build forecasting models, they typically neglect valuable information that is often available under the…
Deep neural networks improve ensemble weather forecasts.
problem Improving accuracy and efficiency of ensemble weather forecasts.
method Mixed model combining subset of trajectories with deep neural networks for post-processing.
result Achieved over 14% relative improvement in ensemble forecast skill.
Deep learning framework predicts streamflow and flood probabilities in Australian catchments.
problem Large-scale flooding prediction challenges due to model calibration and missing data.
method Ensemble quantile-based deep learning framework using quantile regression and CAMELS dataset.
result Notable efficacy and uncertainties in streamflow forecasts with varied catchment properties.
New method provides reliable high-confidence prediction intervals for high-impact events.
problem High-impact events require very high confidence prediction intervals, but classical methods provide uninformative intervals.
method Bridge extreme value statistics and conformal prediction to provide reliable and informative prediction intervals.
result Provides reliable and informative prediction intervals with high-confidence coverage.
AI boosts study of rare weather extremes with lower costs.
problem Difficulty in studying rare weather events due to limited data and models.
method Coupling AI forecasts with physics models using rare-event algorithms.
result Efficiently characterizes very rare events like once-per-millennium heatwaves.
Study uses deep neural networks for flood forecasting.
problem Accurate flood predictions everywhere.
method Artificial deep neural networks for time-series forecasting.
result Neural networks improve flood predictions.
Pyrocast predicts pyrocumulonimbus clouds six hours before they form.
problem Predicting pyrocumulonimbus clouds to adapt to climate change.
method Database of 148 pyroCb events, Random Forests, CNNs, and Auto-Encoders.
result Best model predicts pyroCb with 90% accuracy.
Unified model integrates text and time series for financial forecasting.
problem Challenges in integrating complementary modalities for improved forecasting.
method Modality-specific experts and cross-modal alignment framework.
result State-of-the-art performance on financial forecasting task.
Model uses LLM features to predict stock returns effectively.
problem Predicting stock returns from text data.
method Structured Event Representation (SER) model with attention mechanisms.
result SER-based model outperforms existing models in stock return prediction.
Improved Hawkes model forecasts extreme financial returns more accurately.
problem Forecasting extreme tail events in financial log-returns.
method 2T-POT Hawkes model with multiple exceedance thresholds.
result 2T-POT Hawkes model outperforms GARCH-EVT model in risk forecasting.
Deep neural networks reduce weather forecast uncertainty estimation costs.
problem Accurate estimation of weather forecast uncertainty using ensemble prediction systems.
method Modified 3D U-Net architecture and models incorporating temporal data.
result Deep neural networks can estimate weather forecast uncertainty with fewer simulations.