Forecasting Method Selection Using ANOVA and Duncan Multiple Range Tests on Time Series Dataset

Abstract—Selection of a suitable forecasting technique is of prime importance in order to obtain a better prediction result. This paper demonstrated the use of two statistical approaches namely, Analysis of Variance (ANOVA) and Duncan multiple range tests for determining the performance of differen...

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Main Authors: Adhistya, Erna, Dayang R.A. Rambli, Rohaya, Dominic P, Dhanapal Durai
Format: Conference or Workshop Item
Language:English
Published: 2010
Subjects:
Online Access:http://scholars.utp.edu.my/id/eprint/3235/
http://scholars.utp.edu.my/id/eprint/3235/1/ITSO7_T2_5.pdf
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author Adhistya, Erna
Dayang R.A. Rambli, Rohaya
Dominic P, Dhanapal Durai
author_facet Adhistya, Erna
Dayang R.A. Rambli, Rohaya
Dominic P, Dhanapal Durai
author_sort Adhistya, Erna
building UTP Institutional Repository
collection Online Access
description Abstract—Selection of a suitable forecasting technique is of prime importance in order to obtain a better prediction result. This paper demonstrated the use of two statistical approaches namely, Analysis of Variance (ANOVA) and Duncan multiple range tests for determining the performance of different forecasting methods. Three forecasting methods were chosen and compared: regression, decomposition, and ARIMA. Data from monthly incidence of Salmonellosis in US from 1993 to 2006 was collected and used for technical analysis. ANOVA was initially used to identify significant difference between the actual data and three forecasting methods. Based on the results from ANOVA, selection of appropriate method was conducted using Duncan multiple range tests. The results showed that both regression and ARIMA could be used in the Salmonellosis data. On the contrary, decomposition method yielded the least performance and is not suitable for being applied on the available dataset.
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institution Universiti Teknologi Petronas
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language English
last_indexed 2025-11-13T07:29:21Z
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spelling oai:scholars.utp.edu.my:32352017-01-19T08:24:07Z http://scholars.utp.edu.my/id/eprint/3235/ Forecasting Method Selection Using ANOVA and Duncan Multiple Range Tests on Time Series Dataset Adhistya, Erna Dayang R.A. Rambli, Rohaya Dominic P, Dhanapal Durai QA75 Electronic computers. Computer science Abstract—Selection of a suitable forecasting technique is of prime importance in order to obtain a better prediction result. This paper demonstrated the use of two statistical approaches namely, Analysis of Variance (ANOVA) and Duncan multiple range tests for determining the performance of different forecasting methods. Three forecasting methods were chosen and compared: regression, decomposition, and ARIMA. Data from monthly incidence of Salmonellosis in US from 1993 to 2006 was collected and used for technical analysis. ANOVA was initially used to identify significant difference between the actual data and three forecasting methods. Based on the results from ANOVA, selection of appropriate method was conducted using Duncan multiple range tests. The results showed that both regression and ARIMA could be used in the Salmonellosis data. On the contrary, decomposition method yielded the least performance and is not suitable for being applied on the available dataset. 2010-06 Conference or Workshop Item PeerReviewed application/pdf en http://scholars.utp.edu.my/id/eprint/3235/1/ITSO7_T2_5.pdf Adhistya, Erna and Dayang R.A. Rambli, Rohaya and Dominic P, Dhanapal Durai (2010) Forecasting Method Selection Using ANOVA and Duncan Multiple Range Tests on Time Series Dataset. In: International Symposium on Information Technology 2010, ITSim, June 2010, Kuala Lumpur.
spellingShingle QA75 Electronic computers. Computer science
Adhistya, Erna
Dayang R.A. Rambli, Rohaya
Dominic P, Dhanapal Durai
Forecasting Method Selection Using ANOVA and Duncan Multiple Range Tests on Time Series Dataset
title Forecasting Method Selection Using ANOVA and Duncan Multiple Range Tests on Time Series Dataset
title_full Forecasting Method Selection Using ANOVA and Duncan Multiple Range Tests on Time Series Dataset
title_fullStr Forecasting Method Selection Using ANOVA and Duncan Multiple Range Tests on Time Series Dataset
title_full_unstemmed Forecasting Method Selection Using ANOVA and Duncan Multiple Range Tests on Time Series Dataset
title_short Forecasting Method Selection Using ANOVA and Duncan Multiple Range Tests on Time Series Dataset
title_sort forecasting method selection using anova and duncan multiple range tests on time series dataset
topic QA75 Electronic computers. Computer science
url http://scholars.utp.edu.my/id/eprint/3235/
http://scholars.utp.edu.my/id/eprint/3235/1/ITSO7_T2_5.pdf