Comparing statistical and machine learning methods for time series forecasting in data-driven logistics -- A simulation study

Fuente: arXiv
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Auteurs principaux: Schmid, Lena, Roidl, Moritz, Pauly, Markus
Format: Preprint
Publié: 2023
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author Schmid, Lena
Roidl, Moritz
Pauly, Markus
author_facet Schmid, Lena
Roidl, Moritz
Pauly, Markus
contents Many planning and decision activities in logistics and supply chain management are based on forecasts of multiple time dependent factors. Therefore, the quality of planning depends on the quality of the forecasts. We compare various forecasting methods in terms of out of the box forecasting performance on a broad set of simulated time series. We simulate various linear and non-linear time series and look at the one step forecast performance of statistical learning methods.
format Preprint
id arxiv_https___arxiv_org_abs_2303_07139
institution arXiv
publishDate 2023
record_format arxiv
spellingShingle Comparing statistical and machine learning methods for time series forecasting in data-driven logistics -- A simulation study
Schmid, Lena
Roidl, Moritz
Pauly, Markus
Machine Learning
Many planning and decision activities in logistics and supply chain management are based on forecasts of multiple time dependent factors. Therefore, the quality of planning depends on the quality of the forecasts. We compare various forecasting methods in terms of out of the box forecasting performance on a broad set of simulated time series. We simulate various linear and non-linear time series and look at the one step forecast performance of statistical learning methods.
title Comparing statistical and machine learning methods for time series forecasting in data-driven logistics -- A simulation study
topic Machine Learning
url https://arxiv.org/abs/2303.07139