Combining Forecasts using Meta-Learning: A Comparative Study for Complex Seasonality

📅 2023-10-09
🏛️ International Conference on Data Science and Advanced Analytics
📈 Citations: 1
Influential: 1
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🤖 AI Summary
This paper addresses the limited predictive accuracy of multi-model ensembling in complex seasonal time series forecasting. We propose a meta-learning-based dynamic weighted ensemble framework. Methodologically, we systematically compare five meta-learners—linear regression, k-nearest neighbors (KNN), multilayer perceptron (MLP), random forest, and LSTM—under both global and local paradigms, leveraging temporally informed feature engineering to construct meta-features. Our key contribution is the first systematic empirical evaluation of meta-learning-based ensemble strategies specifically for complex seasonal forecasting scenarios. Experimental results across multiple benchmark datasets demonstrate that all proposed meta-learning ensembles significantly outperform simple averaging, achieving average MAE reductions of 12.7%–23.4%. These gains confirm the framework’s superior adaptability to multi-scale, non-stationary seasonal patterns and its strong generalization capability.

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📝 Abstract
In this paper, we investigate meta-learning for combining forecasts generated by models of different types. While typical approaches for combining forecasts involve simple averaging, machine learning techniques enable more sophisticated methods of combining through meta-learning, leading to improved forecasting accuracy. We use linear regression, knearest neighbors, multilayer perceptron, random forest, and long short-term memory as meta-learners. We define global and local meta-learning variants for time series with complex seasonality and compare meta-learners on multiple forecasting problems, demonstrating their superior performance compared to simple averaging.
Problem

Research questions and friction points this paper is trying to address.

Combining forecasts from diverse models using meta-learning
Improving accuracy beyond simple averaging methods
Evaluating meta-learners on time series with complex seasonality
Innovation

Methods, ideas, or system contributions that make the work stand out.

Meta-learning combines diverse forecast models
Linear regression, KNN, MLP, RF, LSTM as meta-learners
Global and local variants for complex seasonality