The Trade-offs Between Forecasting Performance and Computational Cost

Fotios Petropoulos, Evangelos Spiliotis

Research output: Contribution to journalArticlepeer-review

Abstract

Forecasting performance is typically evaluated by statistical measures of forecast error, ignoring the computational cost of producing the forecast. Yet these costs, in both computer time and environmental impact, can be huge. Building upon previous research, Petropoulos and Spiliotis show how forecast computation time can be dramatically reduced without significant impact on forecast accuracy.
Original languageEnglish
JournalForesight: the International Journal of Applied Forecasting
Publication statusAcceptance date - 13 Jan 2025

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