INTERNATIONAL JOURNAL OF FORECASTING
Scope & Guideline
Empowering Decisions Through Insightful Forecasting.
Introduction
Aims and Scopes
- Methodological Innovation:
The journal emphasizes the development and application of novel forecasting methods, including machine learning, Bayesian techniques, and factor models, aimed at improving prediction accuracy and robustness. - Cross-Disciplinary Applications:
Research published in the journal spans various fields such as economics, finance, healthcare, and environmental science, showcasing the versatility and applicability of forecasting methods in real-world scenarios. - Probabilistic Forecasting:
A significant focus is placed on probabilistic forecasting approaches, which provide a comprehensive framework for understanding uncertainty and making informed decisions based on forecasted distributions. - Forecast Reconciliation and Combination:
The journal explores advanced techniques for reconciling and combining forecasts from multiple models to enhance overall predictive performance, addressing the challenges of model uncertainty. - Evaluation and Benchmarking:
There is a strong emphasis on the evaluation of forecasting methods, including the use of competitions and comparative studies to establish benchmarks and improve best practices in forecasting.
Trending and Emerging
- Machine Learning and AI Integration:
There is a growing trend towards incorporating machine learning and artificial intelligence techniques into forecasting models, leading to improved accuracy and the ability to handle large and complex datasets. - Big Data Applications:
Research exploring the use of big data sources for forecasting, including social media, online searches, and sensor data, is on the rise, showcasing the potential for richer datasets to enhance predictive capabilities. - Probabilistic and Interval Forecasting:
A significant increase in studies focused on probabilistic forecasting methods, including the use of predictive intervals and distributions, indicates a shift towards understanding and quantifying uncertainty in forecasts. - Hierarchical and Multi-Level Forecasting:
Emerging themes in hierarchical and multi-level forecasting approaches are gaining traction, allowing for more nuanced predictions across different levels of aggregation and providing insights into regional or sectoral variations. - Dynamic and Adaptive Forecasting Models:
There is an increasing emphasis on dynamic forecasting models that adapt to changing conditions and incorporate real-time data, reflecting the need for more responsive and relevant forecasting in rapidly changing environments.
Declining or Waning
- Traditional Time Series Models:
There has been a noticeable decrease in studies focusing on traditional time series models such as ARIMA and exponential smoothing, as researchers increasingly explore more complex and flexible approaches, including machine learning and deep learning models. - Simple Point Forecasting:
Research centered around simplistic point forecasting methods appears to be waning, with a growing preference for probabilistic and interval forecasts that better capture uncertainty. - Single-Domain Applications:
The journal has moved away from studies that focus on narrow, single-domain applications of forecasting, as interdisciplinary approaches that leverage insights from multiple fields are becoming more prevalent. - Descriptive Forecasting Techniques:
There is a decline in the publication of papers emphasizing purely descriptive forecasting techniques, as the field shifts towards more analytical and predictive methodologies. - Static Model Comparisons:
Research comparing static forecasting models without considering dynamic changes or innovations in methodology is becoming less common, as the focus shifts towards more adaptive and context-sensitive approaches.
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