The Challenge of Machine Learning in Space Weather Nowcasting and Forecasting

The numerous recent breakthroughs in machine learning (ML) make imperative to carefully ponder how the scientific community can benefit from a technology that, although not necessarily new, is today living its golden age. This Grand Challenge review paper is focused on the present and future role of machine learning in space weather. The purpose is twofold. On one hand, we will discuss previous works that use ML for space weather forecasting, focusing in particular on the few areas that have seen most activity: the forecasting of geomagnetic indices, of relativistic electrons at geosynchronous orbits, of solar flares occurrence, of coronal mass ejection propagation time, and of solar wind speed. On the other hand, this paper serves as a gentle introduction to the field of machine learning tailored to the space weather community and as a pointer to a number of open challenges that we believe the community should undertake in the next decade. The recurring themes throughout the review are the need to shift our forecasting paradigm to a probabilistic approach focused on the reliable assessment of uncertainties, and the combination of physics-based and machine learning approaches, known as gray-box.Comment: under revie

Wiley Interdiscip Rev Comput Stat

Forecasts support decision making in a variety of applications. Statistical models can produce accurate forecasts given abundant training data, but when data is sparse or rapidly changing, statistical models may not be able to make accurate predictions. Expert judgmental forecasts-models that combine expert-generated predictions into a single forecast-can make predictions when training data is limited by relying on human intuition. Researchers have proposed a wide array of algorithms to combine expert predictions into a single forecast, but there is no consensus on an optimal aggregation model. This review surveyed recent literature on aggregating expert-elicited predictions. We gathered common terminology, aggregation methods, and forecasting performance metrics, and offer guidance to strengthen future work that is growing at an accelerated pace.R35 GM119582/GM/NIGMS NIH HHSUnited States/U01 IP001122/IP/NCIRD CDC HHSUnited States/2022-03-01T00:00:00Z33777310PMC799632111017vault:3684

Corporate Bankruptcy Prediction

Bankruptcy prediction is one of the most important research areas in corporate finance. Bankruptcies are an indispensable element of the functioning of the market economy, and at the same time generate significant losses for stakeholders. Hence, this book was established to collect the results of research on the latest trends in predicting the bankruptcy of enterprises. It suggests models developed for different countries using both traditional and more advanced methods. Problems connected with predicting bankruptcy during periods of prosperity and recession, the selection of appropriate explanatory variables, as well as the dynamization of models are presented. The reliability of financial data and the validity of the audit are also referenced. Thus, I hope that this book will inspire you to undertake new research in the field of forecasting the risk of bankruptcy

Forecasting: theory and practice

Forecasting has always been in the forefront of decision making and planning. The uncertainty that surrounds the future is both exciting and challenging, with individuals and organisations seeking to minimise risks and maximise utilities. The lack of a free-lunch theorem implies the need for a diverse set of forecasting methods to tackle an array of applications. This unique article provides a non-systematic review of the theory and the practice of forecasting. We offer a wide range of theoretical, state-of-the-art models, methods, principles, and approaches to prepare, produce, organise, and evaluate forecasts. We then demonstrate how such theoretical concepts are applied in a variety of real-life contexts, including operations, economics, finance, energy, environment, and social good. We do not claim that this review is an exhaustive list of methods and applications. The list was compiled based on the expertise and interests of the authors. However, we wish that our encyclopedic presentation will offer a point of reference for the rich work that has been undertaken over the last decades, with some key insights for the future of the forecasting theory and practice

The K-Nearest Neighbor algorithm using Forward Selection and Backward Elimination in predicting the Student’s Satisfaction Level of University Ichsan Gorontalo toward Online Lectures during the COVID-19 Pandemic

Academic services are actions taken by state and private universities to provide convenience for student’s academic activities. During the current covid-19 pandemic, every university remains active in academic activities. This study aimed to apply the K-Nearest Neighbor algorithm in predicting the level of student satisfaction with online lectures at University Ichsan Gorontalo. Our main aim was to obtain quantitative information to measure student satisfaction with online lectures during the pandemic, which should be taken into account when making decisions. K-Nearest Neighbor is a non-parametric Algorithm that can be used for classification and regression, but K-Nearest Neighbor are better if feature selection is applied in selecting features that are not relevant to the model. Feature Selection used in this research is Forward Selection and Backward Elimination. Seeing the results of experiments that have been carried out with the application of the K-nearest Neighbor algorithm and the selection feature, the results of the forecasting can be used for consideration or policy in decision making. The highest level of accuracy in the K-Nearest Neighbor algorithm model used Forward Selection with an accuracy rate of 98.00%. Thus, the experimental results showed that feature selection, namely forward selection, was a better model in the relevant selection variables compared to backward elimination