PNNL

Abstract

In this paper, a three-stage adjusted regression forecasting model is proposed to forecast the local regression model [6]. This is a growth curve approximation model that predicts the parameters for a future linear model based on a sliding window of previous linear models. The three stages of the model are as follows: • Initial fit: train regression models on a sliding window of the date and record model coefficients. • Prediction: fit new regression models to the coefficient lists and predict the value of the next coefficient. • Error correction: correct coefficient prediction error using the residual of the last point of the coefficient list and moving average. The resulting model from the multi-stage process is a forecast of the local regression model that represents the future window of data and is referred to as the predicted line. Results suggest the three-stage model demonstrates better prediction capability compared to existing solutions.