A new model for learning-based forecasting procedure by combining k-means clustering and time series forecasting algorithms.

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Date: June 2, 2021
From: PeerJ Computer Science(Vol. 7)
Publisher: PeerJ. Ltd.
Document Type: Article
Length: 9,470 words
Lexile Measure: 1350L

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Abstract :

This paper aims to propose a new model for time series forecasting that combines forecasting with clustering algorithm. It introduces a new scheme to improve the forecasting results by grouping the time series data using k-means clustering algorithm. It utilizes the clustering result to get the forecasting data. There are usually some user-defined parameters affecting the forecasting results, therefore, a learning-based procedure is proposed to estimate the parameters that will be used for forecasting. This parameter value is computed in the algorithm simultaneously. The result of the experiment compared to other forecasting algorithms demonstrates good results for the proposed model. It has the smallest mean squared error of 13,007.91 and the average improvement rate of 19.83%.

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Gale Document Number: GALE|A663822114