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Using Non-Parametric Tests to Evaluate Traffic Forecasting Performance.

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TLDR
This paper proposes the use of a number of nonparametric comparison methods for evaluating traffic flow forecasting techniques, free of any distributional assumptions and can be legitimately used on small datasets.
Abstract
This paper proposes the use of a number of nonparametric comparison methods for evaluating traffic flow forecasting techniques. The advantage to these methods is that they are free of any distributional assumptions and can be legitimately used on small datasets. To demonstrate the applicability of these tests, a number of models for the forecasting of traffic flows are developed. The one-step-ahead forecasts produced are then assessed using nonparametric methods. Consideration is given as to whether a method is universally good or good at reproducing a particular aspect of the original series. That choice will be dictated, to a degree, by the user’s purpose for assessing traffic flow.

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Citations
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Modeling Users’ Performance: Predictive Analytics in an IoT Cloud Monitoring System

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Nonparametric Tests for Comparing Forecasting Models

TL;DR: In this article, the authors present a survey of nonparametric tests used in business analysis and propose an alternative non-parametric statistical test that is highly robust, sensitive, and specific, based on comparing the a priori known probability of an event with its observed relative frequency.
References
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Book

Time series analysis, forecasting and control

TL;DR: In this article, a complete revision of a classic, seminal, and authoritative book that has been the model for most books on the topic written since 1970 is presented, focusing on practical techniques throughout, rather than a rigorous mathematical treatment of the subject.
Book

Neural networks for pattern recognition

TL;DR: This is the first comprehensive treatment of feed-forward neural networks from the perspective of statistical pattern recognition, and is designed as a text, with over 100 exercises, to benefit anyone involved in the fields of neural computation and pattern recognition.
Journal ArticleDOI

Time Series Analysis Forecasting and Control

TL;DR: This revision of a classic, seminal, and authoritative book explores the building of stochastic models for time series and their use in important areas of application —forecasting, model specification, estimation, and checking, transfer function modeling of dynamic relationships, modeling the effects of intervention events, and process control.
Journal ArticleDOI

Time Series Analysis: Forecasting and Control

TL;DR: Time Series Analysis and Forecasting: principles and practice as mentioned in this paper The Oxford Handbook of Quantitative Methods, Vol. 3, No. 2: Statistical AnalysisTime-Series ForecastingPractical Time-Series AnalysisApplied Bayesian Forecasting and Time Series AnalysisSAS for Forecasting Time SeriesApplied Time Series analysisTime Series analysisElements of Nonlinear Time Series analyses and forecastingTime series analysis and forecasting by Example.
Book

Introduction to econometrics

Henri Theil