scholarly journals Real-Time Forecasting of COVID-19 prevalence in India using ARIMA Model

2020 ◽  
Vol 4 (10) ◽  
pp. 78-83
Keyword(s):  
Time Series ◽  
Virus Disease ◽  
Moving Average ◽  
Time Series Prediction ◽  
Arima Model ◽  
Autoregressive Integrated Moving Average ◽  
Daily Data ◽  
The World ◽  
Increasing Trend ◽  
Short Term Prediction

Corona virus disease (COVID -19) has changed the world completely due to unavailability of its exact treatment. It has affected 215 countries in the world in which India is no exception where COVID patients are increasing exponentially since 15th of Feb. The objective of paper is to develop a model which can predict daily new cases in India. The autoregressive integrated moving average (ARIMA) models have been used for time series prediction. The daily data of new COVID-19 cases act as an exogenous variable in this framework. The daily data cover the sample period of 15th February, 2020 to 24th May, 2020. The time variable under study is a non-stationary series as 𝒚𝒕 is regressed with 𝒚𝒕−𝟏 and the coefficient is 1. The time series have clearly increasing trend. Results obtained revealed that the ARIMA model has a strong potential for short-term prediction. In PACF graph. Lag 1 and Lag 13 is significant. Regressed values implies Lag 1 and Lag 13 is significant in predicting the current values. The model predicted maximum COVID-19 cases in India at around 8000 during 5thJune to 20th June period. As per the model, the number of new cases shall start decreasing after 20th June in India only. The results will help governments to make necessary arrangements as per the estimated cases. The limitation of this model is that it is unable to predict jerks on either lower or upper side of daily new cases. So, in case of jerks re-estimation will be required.

scholarly journals ARIMA Model in Predicting Banking Stock Market Data

2018 ◽  
Vol 12 (11) ◽  
pp. 309 ◽  
Author(s):  
Mohammad Almasarweh ◽  
S. AL Wadi
Keyword(s):  
Time Series ◽  
Stock Market ◽  
Moving Average ◽  
Arima Model ◽  
Time Series Forecasting ◽  
Short Term ◽  
Forecasting Accuracy ◽  
Autoregressive Integrated Moving Average ◽  
Daily Data ◽  
Short Term Prediction

Banking time series forecasting gains a main rule in finance and economics which has encouraged the researchers to introduce a fit models in forecasting accuracy. In this paper, the researchers present the advantages of the autoregressive integrated moving average (ARIMA) model forecasting accuracy. Banking data from Amman stock market (ASE) in Jordan was selected as a tool to show the ability of ARIMA in forecasting banking data. Therefore, Daily data from 1993 until 2017 is used for this study. As a result this article shows that the ARIMA model has significant results for short-term prediction. Therefore, these results will be helpful for the investments.

scholarly journals Optimization of ARIMA Forecasting Model using Firefly Algorithm

2019 ◽  
Vol 13 (2) ◽  
pp. 127 ◽  
Author(s):  
Ilham Unggara ◽  
Aina Musdholifah ◽  
Anny Kartika Sari
Keyword(s):  
Time Series ◽  
Firefly Algorithm ◽  
Moving Average ◽  
Time Series Prediction ◽  
Arima Model ◽  
Information Criterion ◽  
Forecasting Model ◽  
Optimal Model ◽  
Autoregressive Integrated Moving Average ◽  
Foreign Tourist

 Time series prediction aims to control or recognize the behavior of the system based on the data in a certain period of time. One of the most widely used method in time series prediction is ARIMA (Autoregressive Integrated Moving Average). However, ARIMA has a weakness in determining the optimal model. firefly algorithm is used to optimize ARIMA model (p, d, q). by finding the smallest AIC (Akaike Information Criterion) value in determining the best ARIMA model. The data used in the study are daily stock data JCI period January 2013 until August 2016 and data of foreign tourist visits to Indonesia period January 1988 to November 2017.Based on testing, for JCI data, obtained predicted results with Box-Jenkins ARIMA model produces RMSE 49.72, whereas the prediction with the ARIMA Optimization model yielded RMSE 49.48. For the data of Foreign Tourist Visits, the predicted results with the Box-Jenkins ARIMA model resulted in RMSE 46088.9, whereas the predicted results with ARIMA optimization resulted in RMSE 44678.4. From these results it can be concluded that the optimization of ARIMA model with Firefly Algorithm produces better forecasting model than ARIMA model without Optimization.

scholarly journals Predicting Closed Price Time Series Data Using ARIMA Model

2018 ◽  
Vol 12 (11) ◽  
pp. 181 ◽  
Author(s):  
S. AL Wadi ◽  
Mohammad Almasarweh ◽  
Ahmed Atallah Alsaraireh
Keyword(s):  
Time Series ◽  
Time Series Data ◽  
Stock Exchange ◽  
Moving Average ◽  
Arima Model ◽  
Series Data ◽  
Price Forecasting ◽  
Forecasting Accuracy ◽  
Autoregressive Integrated Moving Average ◽  
Short Term Prediction

Closed price forecasting plays a main rule in finance and economics which has encouraged the researchers to introduce a fit model in forecasting accuracy. The autoregressive integrated moving average (ARIMA) model has developed and implemented in many applications. Therefore, in this article the researchers utilize ARIMA model in predicting the closed time series data which have been collected from Amman Stock Exchange (ASE) from Jan. 2010 to Jan. 2018. As a result this article shows that the ARIMA model has significant results for short-term prediction. Therefore, these results will be helpful for the investments.

scholarly journals A Time Series Sustainability Assessment of a Partial Energy Portfolio Transition

Energies ◽  
2020 ◽  
Vol 14 (1) ◽  
pp. 141
Author(s):  
Jacob Hale ◽  
Suzanna Long
Keyword(s):  
Time Series ◽  
Electricity Generation ◽  
Sustainability Assessment ◽  
Moving Average ◽  
Time Series Prediction ◽  
State Level ◽  
Autoregressive Integrated Moving Average ◽  
Energy Transitions ◽  
Univariate Time Series ◽  
Partial Energy

Energy portfolios are overwhelmingly dependent on fossil fuel resources that perpetuate the consequences associated with climate change. Therefore, it is imperative to transition to more renewable alternatives to limit further harm to the environment. This study presents a univariate time series prediction model that evaluates sustainability outcomes of partial energy transitions. Future electricity generation at the state-level is predicted using exponential smoothing and autoregressive integrated moving average (ARIMA). The best prediction results are then used as an input for a sustainability assessment of a proposed transition by calculating carbon, water, land, and cost footprints. Missouri, USA was selected as a model testbed due to its dependence on coal. Of the time series methods, ARIMA exhibited the best performance and was used to predict annual electricity generation over a 10-year period. The proposed transition consisted of a one-percent annual decrease of coal’s portfolio share to be replaced with an equal share of solar and wind supply. The sustainability outcomes of the transition demonstrate decreases in carbon and water footprints but increases in land and cost footprints. Decision makers can use the results presented here to better inform strategic provisioning of critical resources in the context of proposed energy transitions.

scholarly journals A statistical study of COVID-19 pandemic in Egypt

2021 ◽  
Vol 54 (1) ◽  
pp. 233-244
Author(s):  
Taha Radwan
Keyword(s):  
Linear Relationship ◽  
Statistical Study ◽  
Moving Average ◽  
Arima Model ◽  
Decision Makers ◽  
Accurate Data ◽  
Autoregressive Integrated Moving Average ◽  
The World ◽  
The Future

Abstract The spread of the COVID-19 started in Wuhan on December 31, 2019, and a powerful outbreak of the disease occurred there. According to the latest data, more than 165 million cases of COVID-19 infection have been detected in the world (last update May 19, 2021). In this paper, we propose a statistical study of COVID-19 pandemic in Egypt. This study will help us to understand and study the evolution of this pandemic. Moreover, documenting of accurate data and taken policies in Egypt can help other countries to deal with this epidemic, and it will also be useful in the event that other similar viruses emerge in the future. We will apply a widely used model in order to predict the number of COVID-19 cases in the coming period, which is the autoregressive integrated moving average (ARIMA) model. This model depicts the present behaviour of variables through linear relationship with their past values. The expected results will enable us to provide appropriate advice to decision-makers in Egypt on how to deal with this epidemic.

Hybrid Neural Models For Rice Yields Times Forecasting

2012 ◽  
Author(s):  
Ruhaidah Samsudin ◽  
Puteh Saad ◽  
Ani Shabri
Keyword(s):  
Time Series ◽  
Hybrid Model ◽  
Moving Average ◽  
Time Series Prediction ◽  
Arima Model ◽  
Data Sets ◽  
Ann Model ◽  
Yield Data ◽  
Rice Yields ◽  
Artificial Neural Network Ann

In this paper, time series prediction is considered as a problem of missing value. A model for the determination of the missing time series value is presented. The hybrid model integrating autoregressive intergrated moving average (ARIMA) and artificial neural network (ANN) model is developed to solve this problem. The developed models attempts to incorporate the linear characteristics of an ARIMA model and nonlinear patterns of ANN to create a hybrid model. In this study, time series modeling of rice yield data in Muda Irrigation area. Malaysia from 1995 to 2003 are considered. Experimental results with rice yields data sets indicate that the hybrid model improve the forecasting performance by either of the models used separately. Key words: ARIMA; Box and Jenkins; neural networks; rice yields; hybrid ANN model

scholarly journals The Impact of Lengths of Time Series on the Accuracy of the ARIMA Forecasting

2019 ◽  
Vol 4 (3) ◽  
pp. 58
Author(s):  
Lu Qin ◽  
Kyle Shanks ◽  
Glenn Allen Phillips ◽  
Daphne Bernard
Keyword(s):  
Time Series ◽  
Historical Data ◽  
Moving Average ◽  
Arima Model ◽  
Forecasting Accuracy ◽  
Autoregressive Integrated Moving Average ◽  
Enrollment Forecasting ◽  
Moving Average Model ◽  
The Impact ◽  
Practical Impact

The Autoregressive Integrated Moving Average model (ARIMA) is a popular time-series model used to predict future trends in economics, energy markets, and stock markets. It has not been widely applied to enrollment forecasting in higher education. The accuracy of the ARIMA model heavily relies on the length of time series. Researchers and practitioners often utilize the most recent - to -years of historical data to predict future enrollment; however, the accuracy of enrollment projection under different lengths of time series has never been investigated and compared. A simulation and an empirical study were conducted to thoroughly investigate the accuracy of ARIMA forecasting under four different lengths of time series. When the ARIMA model completely captured the historical changing trajectories, it provided the most accurate predictions of student enrollment with 20-years of historical data and had the lowest forecasting accuracy with the shortest time series. The results of this paper contribute as a reference to studies in the enrollment projection and time-series forecasting. It provides a practical impact on enrollment strategies, budges plans, and financial aid policies at colleges and institutions across countries.

The Forecasting of the Elevator Traffic Flow Time Series Based on ARIMA and GP

2012 ◽  
Vol 588-589 ◽  
pp. 1466-1471 ◽  
Author(s):  
Jun Fang Li ◽  
Qun Zong
Keyword(s):  
Time Series ◽  
Traffic Flow ◽  
Linear Models ◽  
Moving Average ◽  
Arima Model ◽  
Flow Time ◽  
Forecasting Model ◽  
Autoregressive Integrated Moving Average ◽  
Hybrid Forecasting ◽  
Artificial Neural Network Ann

As one of the conventional statistical methods, the autoregressive integrated moving average (ARIMA) model has been one of the most widely used linear models in time series forecasting. However, the ARIMA model cannot easily capture the nonlinear patterns. Artificial neural network (ANN) can be utilized to construct more accurate forecasting model than ARIMA for nonlinear time series, but it is difficult to explain the meaning of the hidden layers of ANN and it does not produce a mathematical equation. In this study, by combining ARIMA with genetic programming (GP), a hybrid forecasting model will be used for elevator traffic flow time series which can improve the accuracy both the GP and the ARIMA forecasting models separately. At last, simulations are adopted to demonstrate the advantages of the proposed ARIMA-GP forecasting model.

scholarly journals Time Series Analysis and Forecasting of Oilseeds Production in India: Using Autoregressive Integrated Moving Average and Group Method of Data Handling – Neural Network

2019 ◽  
pp. 1-14 ◽  
Author(s):  
Debasis Mithiya ◽  
Lakshmikanta Datta ◽  
Kumarjit Mandal
Keyword(s):  
Time Series ◽  
Moving Average ◽  
Arima Model ◽  
Time Series Forecasting ◽  
Series Data ◽  
Percentage Error ◽  
Group Method ◽  
Data Handling ◽  
Agricultural Economy ◽  
Autoregressive Integrated Moving Average

Oilseeds have been the backbone of India’s agricultural economy since long. Oilseed crops play the second most important role in Indian agricultural economy, next to food grains, in terms of area and production. Oilseeds production in India has increased with time, however, the increasing demand for edible oils necessitated the imports in large quantities, leading to a substantial drain of foreign exchange. The need for addressing this deficit motivated a systematic study of the oilseeds economy to formulate appropriate strategies to bridge the demand-supply gap. In this study, an effort is made to forecast oilseeds production by using Autoregressive Integrated Moving Average (ARIMA) model, which is the most widely used model for forecasting time series. One of the main drawbacks of this model is the presumption of linearity. The Group Method of Data Handling (GMDH) model has also been applied for forecasting the oilseeds production because it contains nonlinear patterns. Both ARIMA and GMDH are mathematical models well-known for time series forecasting. The results obtained by the GMDH are compared with the results of ARIMA model. The comparison of modeling results shows that the GMDH model perform better than the ARIMA model in terms of mean absolute error (MAE), mean absolute percentage error (MAPE), and root mean square error (RMSE). The experimental results of both models indicate that the GMDH model is a powerful tool to handle the time series data and it provides a promising technique in time series forecasting methods.

Sign in / Sign up

Export Citation Format

Share Document