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Forecast reconciliation is a post-forecasting process that involves transforming a set of incoherent forecasts into coherent forecasts which satisfy a given set of linear constraints for a multivariate time series. In this paper we extend…

Methodology · Statistics 2023-12-25 Daniele Girolimetto , George Athanasopoulos , Tommaso Di Fonzo , Rob J Hyndman

This paper aims to better predict highly skewed auto insurance claims by combining candidate predictions. We analyze a version of the Kangaroo Auto Insurance company data and study the effects of combining different methods using five…

Applications · Statistics 2022-04-11 Chenglong Ye , Lin Zhang , Mingxuan Han , Yanjia Yu , Bingxin Zhao , Yuhong Yang

We deliver a call to arms for probabilistic numerical methods: algorithms for numerical tasks, including linear algebra, integration, optimization and solving differential equations, that return uncertainties in their calculations. Such…

Numerical Analysis · Mathematics 2016-02-17 Philipp Hennig , Michael A Osborne , Mark Girolami

This note corrects a technical error in Guardiola (2020, Journal of Statistical Distributions and Applications), presents updated derivations, and offers an extended discussion of the properties of the spherical Dirichlet distribution.…

Methodology · Statistics 2025-06-06 Jose H Guardiola

The ability to estimate joint, conditional and marginal probability distributions over some set of variables is of great utility for many common machine learning tasks. However, estimating these distributions can be challenging,…

Machine Learning · Computer Science 2018-09-20 Andrew Skabar

Forecast combination integrates information from various sources by consolidating multiple forecast results from the target time series. Instead of the need to select a single optimal forecasting model, this paper introduces a deep learning…

Machine Learning · Computer Science 2023-11-27 Yinuo Ren , Feng Li , Yanfei Kang , Jue Wang

Forecast combination is widely recognized as a preferred strategy over forecast selection due to its ability to mitigate the uncertainty associated with identifying a single "best" forecast. Nonetheless, sophisticated combinations are often…

Methodology · Statistics 2024-06-17 Xiaoqian Wang , Yanfei Kang , Feng Li

Calibration ensures that probabilistic forecasts meaningfully capture uncertainty by requiring that predicted probabilities align with empirical frequencies. However, many existing calibration methods are specialized for post-hoc…

Machine Learning · Computer Science 2023-11-01 Charles Marx , Sofian Zalouk , Stefano Ermon

Several researchers have experimentally shown that substantial improvements can be obtained in difficult pattern recognition problems by combining or integrating the outputs of multiple classifiers. This chapter provides an analytical…

Neural and Evolutionary Computing · Computer Science 2007-05-23 Kagan Tumer , Joydeep Ghosh

The evaluation of the probability of union of a large number of independent events requires several combinations involving the factorial and the use of high performance computers with several hours of processing. Bounds and simplifications…

Numerical Analysis · Mathematics 2025-03-07 Edson Luiz Ursini , Paulo S. Martins

When climate forecasts are highly uncertain, the optimal mean squared error strategy is to ignore them. When climate forecasts are highly certain, the optimal mean squared error strategy is to use them as is. In between these two extremes…

Atmospheric and Oceanic Physics · Physics 2009-12-23 Stephen Jewson , Ed Hawkins

Huber loss, its asymmetric variants and their associated functionals (here named Huber functionals) are studied in the context of point forecasting and forecast evaluation. The Huber functional of a distribution is the set of minimizers of…

Statistics Theory · Mathematics 2022-02-17 Robert J. Taggart

We apply a new notion of angle between projections to deduce criteria for uniform convergence results of the alternating projections method under several different settings: averaged projections, cyclic products, quasi-periodic products and…

Functional Analysis · Mathematics 2016-07-19 Izhar Oppenheim

Forecast combination involves using multiple forecasts to create a single, more accurate prediction. Recently, feature-based forecasting has been employed to either select the most appropriate forecasting models or to optimize the weights…

Machine Learning · Computer Science 2023-12-14 Giovanni Felici , Antonio M. Sudoso

A research frontier has emerged in scientific computation, wherein numerical error is regarded as a source of epistemic uncertainty that can be modelled. This raises several statistical challenges, including the design of statistical…

Machine Learning · Statistics 2017-10-19 François-Xavier Briol , Chris. J. Oates , Mark Girolami , Michael A. Osborne , Dino Sejdinovic

We propose a novel multi-task method for quantile forecasting with shared Linear layers. Our method is based on the Implicit quantile learning approach, where samples from the Uniform distribution $\mathcal{U}(0, 1)$ are reparameterized to…

Machine Learning · Computer Science 2022-12-07 Shayan Jawed , Lars Schmidt-Thieme

To complete a previous paper, the probability density functions of the center-of-gravity as positioning algorithm are derived with classical methods. These methods, as suggested by the textbook of Probability, require the preliminary…

Statistical Mechanics · Physics 2020-06-05 Gregorio Landi , Giovanni E. Landi

Probabilistic time-series forecasting enables reliable decision making across many domains. Most forecasting problems have diverse sources of data containing multiple modalities and structures. Leveraging information as well as uncertainty…

Machine Learning · Computer Science 2022-02-28 Harshavardhan Kamarthi , Lingkai Kong , Alexander Rodríguez , Chao Zhang , B. Aditya Prakash

Wind power forecasting is essential for managing daily operations at wind farms and enabling market operators to manage power uncertainty effectively in demand planning. This paper explores advanced cross-temporal forecasting models and…

Methodology · Statistics 2024-12-17 Mahdi Abolghasemi , Daniele Girolimetto , Tommaso Di Fonzo

In quantitative finance, it is often necessary to analyze the distribution of the sum of specific functions of observed values at discrete points of an underlying process. Examples include the probability density function, the hedging…

Statistical Finance · Quantitative Finance 2019-08-15 Jong Jun Park , Kyungsub Lee