Detail publikace

Suitable Models for Seasonal and Trend Time Series Forecasting

ŠUSTROVÁ, T.

Originální název

Suitable Models for Seasonal and Trend Time Series Forecasting

Typ

článek ve sborníku ve WoS nebo Scopus

Jazyk

angličtina

Originální abstrakt

Purpose of the article is to compare suitable method for time series forecasting, especially the method of sea-sonal and trend time series decomposition and neural network prediction and use of methods defined by Box and Jenkins (Box-Jenkins models), such as ARIMA or SARIMA. For the analysis data from the area of wholesale trade with connecting material is used. Methodology/methods used in the paper consists of time series analysis, such as seasonal and trend decomposi-tion using time series adjustment from the effect of calendar variations, decomposition of multiplicative time-series model, prediction with neural networks and Box-Jenkins autoregressive integrated moving average mod-els. Last but not least it is worth noting deductive quantitative methods for research and data analysis using graphs. Scientific aim is to compare the effectiveness of traditional statistical models with artificial neural networks models. Autoregressive integrated moving average model is recently very popular linear method for time series prediction. Last research activities in forecasting with artificial neural networks show that the combination of time series decomposition and further prediction with artificial neural network can also be a suitable method for this purpose. Findings of the research show that artificial neural networks models can be a promising alternative to the tradi-tional linear models. Conclusions (limits, implications etc) resulting from the paper are beneficial for further research. The conducted research suggests methods of time series analysis and decomposition, artificial neural networks and Box-Jenkins models are suitable instruments for seasonal and trend time series forecasting. The article presents selected methods as very useful and bringing many opportunities for further research.

Klíčová slova

Time series, Box-Jenkins models, forecasting, neural network

Autoři

ŠUSTROVÁ, T.

Rok RIV

2015

Vydáno

30. 10. 2015

Nakladatel

Faculty of Business and Management, Brno University of Technology, 2015

Místo

Brno

ISBN

978-80-214-5227-5

Kniha

Perspectives of Business and Entrepreneurship Development

Edice

1

Číslo edice

15

Strany od

422

Strany do

429

Strany počet

8

URL

http://www.konference.fbm.vutbr.cz/ic/

BibTex

@inproceedings{BUT119126,
  author="Tereza {Šustrová}",
  title="Suitable Models for Seasonal and Trend Time Series Forecasting",
  booktitle="Perspectives of Business and Entrepreneurship Development",
  year="2015",
  series="1",
  number="15",
  pages="422--429",
  publisher="Faculty of Business and Management, Brno University of Technology, 2015",
  address="Brno",
  isbn="978-80-214-5227-5",
  url="http://www.konference.fbm.vutbr.cz/ic/"
}