Support Vector Machines; New Support Vector

Machines Study Findings Have Been Reported by

Investigators at Castilla La Mancha University (A
support vector machine for model selection in
demand forecasting applications)
Publication info: Journal of Robotics & Machine Learning ; Atlanta [Atlanta]30 July 2018: 154.

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FULL TEXT
2018 JUL 30 (VerticalNews) -- By a News Reporter-Staff News Editor at Journal of Robotics &Machine Learning -- A
new study on Support Vector Machines is now available. According to news reporting out of Ciudad Real, Spain, by
VerticalNews editors, research stated, "Time series forecasting has been an active research area for decades,
receiving considerable attention from very different domains, such as econometrics, statistics, engineering,
mathematics, medicine and social sciences. Moreover, with the emergence of the big data era, the automatic
identification with the appropriate techniques remains an intermediate compulsory stage of any big data
implementation with predictive analytics purposes."
Funders for this research include European Regional Development Fund, Spanish Government, Vicerrectorado de
Investigacion y Politica Cientifica.
Our news journalists obtained a quote from the research from Castilla La Mancha University, "Extensive research
on model selection and combination has revealed the benefits of such techniques in terms of forecast accuracy
and reliability. Several criteria for model selection have been proposed and used for decades with very good
results. Akaike information criterion and Schwarz Bayesian criterion are two of the most popular criteria. However,
research on the combination of several criteria along with other sources of information in a unified methodology
remains scarce. This study proposes a new model selection approach that combines different criteria using a
support vector machine (SVM). Given a set of candidate models, rather than considering any individual criterion,
an SVM is trained at each forecasting origin to select the best model. This methodology will be particularly
interesting for scenarios with highly volatile demand because it allows changing the model when it does not fit the
data sufficiently well, thereby reducing the risk of misusing modeling techniques in the automatic processing of
large datasets. The effects of the proposed approach are empirically explored using a set of representative
forecasting methods and a dataset of 229 weekly demand series from a leading household and personal care
manufacturer in the UK."
According to the news editors, the research concluded: "Our findings suggest that the proposed approach results
in more robust predictions with lower mean forecasting error and biases than base forecasts."
For more information on this research see: A support vector machine for model selection in demand forecasting
applications. Computers &Industrial Engineering, 2018;121():1-7. Computers &Industrial Engineering can be
contacted at: Pergamon-Elsevier Science Ltd, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, England.
(Elsevier - www.elsevier.com; Computers &Industrial Engineering - www.journals.elsevier.com/computers-and-
industrial-engineering/)
Our news journalists report that additional information may be obtained by contacting M.A. Villegas, Castilla La
Mancha University, ETSI Ind, Dept. of Business Adm, E-13071 Ciudad Real, Spain. Additional authors for this

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research include D.J. Pedregal and J.R. Trapero. and can be your direct source for a journal article and its citation.
Keywords for this news article include: Ciudad Real, Spain, Europe, Support Vector Machines, Emerging
Technologies, Machine Learning, Castilla La Mancha University.
Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2018, NewsRx
LLC
The citation for this news report is: NewsRx. New Support Vector Machines Study Findings Have Been Reported by
Investigators at Castilla La Mancha University (A support vector machine for model selection in demand
forecasting applications). Journal of Robotics &Machine Learning. July 30, 2018; p 154.

DETAILS

Subject: Industrial engineering; Big Data; Artificial intelligence; Robotics

Location: England Spain United Kingdom--UK Europe

Identifier / keyword: Ciudad Real Spain Europe Support Vector Machines Emerging Technologies Machine
Learning

Publication title: Journal of Robotics &Machine Learning; Atlanta

First page: 154

Publication year: 2018

Publication date: Jul 30, 2018

Publisher: NewsRx

Place of publication: Atlanta

Country of publication: United States, Atlanta

Publication subject: Machinery

ISSN: 1944-1851

Source type: Wire Feeds

Language of publication: English

Document type: News

ProQuest document ID: 2076393385

Document URL: https://search.proquest.com/docview/2076393385?accountid=10344

Copyright: Copyright 2018, NewsRx LLC

Last updated: 2018-07-26

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