Ata method’s performance in the M4 competition


ÇAPAR S., TAYLAN SELAMLAR H., YAVUZ İ., Taylan A. S., YAPAR G.

Hacettepe Journal of Mathematics and Statistics, cilt.52, sa.1, ss.268-276, 2023 (SCI-Expanded) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 52 Sayı: 1
  • Basım Tarihi: 2023
  • Doi Numarası: 10.15672/hujms.1018362
  • Dergi Adı: Hacettepe Journal of Mathematics and Statistics
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus, zbMATH
  • Sayfa Sayıları: ss.268-276
  • Anahtar Kelimeler: Exponential smoothing, forecasting, M4-competition, time series
  • Dokuz Eylül Üniversitesi Adresli: Evet

Özet

Like the previous M competitions, M4 competition resulted in great contributions to the field of forecasting. Ata method which is a new forecasting method alternative to exponential smoothing, competed in this competition with five different models. The results obtained from these five models are discussed in detail in this paper. According to various error metrics, the models perform better than their exponential smoothing based counters. Despite their simplicity, they are ranked satisfactorily high compared to the other methods. In addition, the forecasting accuracy of simple combinations of these Ata models and ARIMA are given for the M4 competition data set. The combinations work significantly better than models that are much more complex. Therefore, besides the fact that Ata models perform well alone, Ata should be considered as a candidate for being included in combinations of forecasts.