30 research outputs found

    Empirical Information Criteria for Time Series Forecasting Model Selection

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    In this paper, we propose a new Empirical Information Criterion (EIC) for model selection which penalizes the likelihood of the data by a function of the number of parameters in the model. It is designed to be used where there are a large number of time series to be forecast. However, a bootstrap version of the EIC can be used where there is a single time series to be forecast. The EIC provides a data-driven model selection tool that can be tuned to the particular forecasting task. We compare the EIC with other model selection criteria including Akaike's Information Criterion (AIC) and Schwarz's Bayesian Information Criterion (BIC). The comparisons show that for the M3 forecasting competition data, the EIC outperforms both the AIC and BIC, particularly for longer forecast horizons. We also compare the criteria on simulated data and find that the EIC does better than existing criteria in that case also.Exponential smoothing; forecasting; information criteria; M3 competition; model selection.

    Empirical information criteria for time series forecasting model selection

    No full text
    In this paper, we propose a new Empirical Information Criterion (EIC) for model selection which penalizes the likelihood of the data by a function of the number of parameters in the model. It is designed to be used where there are a large number of time series to be forecast. However, a bootstrap version of the EIC can be used where there is a single time series to be forecast. The EIC provides a data-driven model selection tool that can be tuned to the particular forecasting task. We compare the EIC with other model selection criteria including Akaike's Information Criterion (AIC) and Schwarz's Bayesian Information Criterion (BIC). The comparisons show that for the M3 forecasting competition data, the EIC outperforms both the AIC and BIC, particularly for longer forecast horizons. We also compare the criteria on simulated data and find that the EIC does better than existing criteria in that case also

    Analysis of the Consumer Perceptions of Online Shopping: Case of Bangladesh

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    Though online shopping has become a new type of retail shopping, it has been adopted worldwide, including in Bangladesh, influencing ordinary citizens\u27 lives. In Bangladesh, consumers have not been habituated to online shopping frequently. This study aims to identify consumer perceptions of online shopping in Bangladesh. The study has 140 sample sizes from the Chuadanga district by forming a self-structured closed-ended Questionnaire. The SPSS version 16.0 statistical tool is used in this study. Several statistical tools, like frequency tests and percentages, were used to measure the objective. We found that consumers are primarily young, below 30 ages, who shop online to save time, and for available varieties of products and services and prefer to pay through cash on delivery method. Most consumers feel risk in online shopping and are also concerned about the security of the payment system. Overall, Consumers are satisfied with online shopping. Also, this study has a few limitations. Future research with a larger sample size and additional variables is recommended

    Fast-food and obesity: Status among the younger population in Bangladesh

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    Increasing rate of fast-food consumption has been associated with different health related concerns (e.g., obesity, heart disease). This study aimed to determine the prevalence of fast-food consumption among young adult students in Chittagong, Bangladesh, and to assess the correlation of fast-food consumption with obesity. A total of 440 youth was included using a systemic random sampling from universities and colleges in Chittagong in order to perform a cross-sectional analysis. The students who reported frequent fast-food consumption (1–3 times per week) accounted for 30.5% (n=134) of the sample, while 32.5% (n=143) of participants reported consuming fast-food 8–15 times per month. There was a significant (p=0.030) difference between students who consumed and did not consume fast-food. Youth who reported consuming fast-food and soft drinks more than 4 times per week constituted 35.0% (n=154), followed by approximately 27.7% (n=122) who consumed these items 1–3 times per week. In addition, an obesity epidemic was observed among those who reported low levels of physical exercise or lack of sleep. The study illustrates that Bangladeshi youth face an increasing risk of becoming overweight and obese. Prevention is regarded as the most effective way to reduce the prevalence of obesity

    Fast-food and obesity: Status among the younger population in Bangladesh

    No full text
    Increasing rate of fast-food consumption has been associated with different health related concerns (e.g., obesity, heart disease). This study aimed to determine the prevalence of fast-food consumption among young adult students in Chittagong, Bangladesh, and to assess the correlation of fast-food consumption with obesity. A total of 440 youth was included using a systemic random sampling from universities and colleges in Chittagong in order to perform a cross-sectional analysis. The students who reported frequent fast-food consumption (1–3 times per week) accounted for 30.5% (n=134) of the sample, while 32.5% (n=143) of participants reported consuming fast-food 8–15 times per month. There was a significant (p=0.030) difference between students who consumed and did not consume fast-food. Youth who reported consuming fast-food and soft drinks more than 4 times per week constituted 35.0% (n=154), followed by approximately 27.7% (n=122) who consumed these items 1–3 times per week. In addition, an obesity epidemic was observed among those who reported low levels of physical exercise or lack of sleep. The study illustrates that Bangladeshi youth face an increasing risk of becoming overweight and obese. Prevention is regarded as the most effective way to reduce the prevalence of obesity
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