IDEAS home Printed from https://ideas.repec.org/a/gam/jforec/v5y2023i1p17-335d1087297.html
   My bibliography  Save this article

Time Series Dataset Survey for Forecasting with Deep Learning

Author

Listed:
  • Yannik Hahn

    (Institute for Technologies and Management of Digital Transformation (TMDT), Rainer-Gruenter-Straße 21, 42119 Wuppertal, Germany)

  • Tristan Langer

    (Institute for Technologies and Management of Digital Transformation (TMDT), Rainer-Gruenter-Straße 21, 42119 Wuppertal, Germany)

  • Richard Meyes

    (Institute for Technologies and Management of Digital Transformation (TMDT), Rainer-Gruenter-Straße 21, 42119 Wuppertal, Germany)

  • Tobias Meisen

    (Institute for Technologies and Management of Digital Transformation (TMDT), Rainer-Gruenter-Straße 21, 42119 Wuppertal, Germany)

Abstract

Deep learning models have revolutionized research fields like computer vision and natural language processing by outperforming traditional models in multiple tasks. However, the field of time series analysis, especially time series forecasting, has not seen a similar revolution, despite forecasting being one of the most prominent tasks of predictive data analytics. One crucial problem for time series forecasting is the lack of large, domain-independent benchmark datasets and a competitive research environment, e.g., annual large-scale challenges, that would spur the development of new models, as was the case for CV and NLP. Furthermore, the focus of time series forecasting research is primarily domain-driven, resulting in many highly individual and domain-specific datasets. Consequently, the progress in the entire field is slowed down due to a lack of comparability across models trained on a single benchmark dataset and on a variety of different forecasting challenges. In this paper, we first explore this problem in more detail and derive the need for a comprehensive, domain-unspecific overview of the state-of-the-art of commonly used datasets for prediction tasks. In doing so, we provide an overview of these datasets and improve comparability in time series forecasting by introducing a method to find similar datasets which can be utilized to test a newly developed model. Ultimately, our survey paves the way towards developing a single widely used and accepted benchmark dataset for time series data, built on the various frequently used datasets surveyed in this paper.

Suggested Citation

  • Yannik Hahn & Tristan Langer & Richard Meyes & Tobias Meisen, 2023. "Time Series Dataset Survey for Forecasting with Deep Learning," Forecasting, MDPI, vol. 5(1), pages 1-21, March.
  • Handle: RePEc:gam:jforec:v:5:y:2023:i:1:p:17-335:d:1087297
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2571-9394/5/1/17/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2571-9394/5/1/17/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ahmed, R. & Sreeram, V. & Mishra, Y. & Arif, M.D., 2020. "A review and evaluation of the state-of-the-art in PV solar power forecasting: Techniques and optimization," Renewable and Sustainable Energy Reviews, Elsevier, vol. 124(C).
    2. Cheung, Yin-Wong & Lai, Kon S, 1995. "Lag Order and Critical Values of a Modified Dickey-Fuller Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 57(3), pages 411-419, August.
    3. Aslam, Sheraz & Herodotou, Herodotos & Mohsin, Syed Muhammad & Javaid, Nadeem & Ashraf, Nouman & Aslam, Shahzad, 2021. "A survey on deep learning methods for power load and renewable energy forecasting in smart microgrids," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
    4. Kim, Tae-Young & Cho, Sung-Bae, 2019. "Predicting residential energy consumption using CNN-LSTM neural networks," Energy, Elsevier, vol. 182(C), pages 72-81.
    5. Cheung, Yin-Wong & Lai, Kon S, 1995. "Lag Order and Critical Values of the Augmented Dickey-Fuller Test," Journal of Business & Economic Statistics, American Statistical Association, vol. 13(3), pages 277-280, July.
    6. Amir Mosavi & Mohsen Salimi & Sina Faizollahzadeh Ardabili & Timon Rabczuk & Shahaboddin Shamshirband & Annamaria R. Varkonyi-Koczy, 2019. "State of the Art of Machine Learning Models in Energy Systems, a Systematic Review," Energies, MDPI, vol. 12(7), pages 1-42, April.
    7. Makridakis, Spyros & Spiliotis, Evangelos & Assimakopoulos, Vassilios, 2022. "M5 accuracy competition: Results, findings, and conclusions," International Journal of Forecasting, Elsevier, vol. 38(4), pages 1346-1364.
    8. Makridakis, Spyros & Spiliotis, Evangelos & Assimakopoulos, Vassilios, 2018. "The M4 Competition: Results, findings, conclusion and way forward," International Journal of Forecasting, Elsevier, vol. 34(4), pages 802-808.
    9. Hewamalage, Hansika & Bergmeir, Christoph & Bandara, Kasun, 2021. "Recurrent Neural Networks for Time Series Forecasting: Current status and future directions," International Journal of Forecasting, Elsevier, vol. 37(1), pages 388-427.
    10. Jessica Wojtkiewicz & Matin Hosseini & Raju Gottumukkala & Terrence Lynn Chambers, 2019. "Hour-Ahead Solar Irradiance Forecasting Using Multivariate Gated Recurrent Units," Energies, MDPI, vol. 12(21), pages 1-13, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Saima Akhtar & Sulman Shahzad & Asad Zaheer & Hafiz Sami Ullah & Heybet Kilic & Radomir Gono & Michał Jasiński & Zbigniew Leonowicz, 2023. "Short-Term Load Forecasting Models: A Review of Challenges, Progress, and the Road Ahead," Energies, MDPI, vol. 16(10), pages 1-29, May.
    2. Mark J Holmes & Jesús Otero & Theodore Panagiotidis, 2018. "Climbing the property ladder: An analysis of market integration in London property prices," Urban Studies, Urban Studies Journal Limited, vol. 55(12), pages 2660-2681, September.
    3. Keen Meng Choy & Hwee Kwan Chow, 2004. "Forecasting the Global Electronics Cycle with Leading Indicators: A VAR Approach," Econometric Society 2004 Australasian Meetings 223, Econometric Society.
    4. Pawel Milobedzki, 2010. "The Term Structure of the Polish Interbank Rates. A Note on the Symmetry of their Reversion to the Mean," Dynamic Econometric Models, Uniwersytet Mikolaja Kopernika, vol. 10, pages 81-95.
    5. Yin‐Wong Cheung & XingWang Qian, 2010. "Capital Flight: China's Experience," Review of Development Economics, Wiley Blackwell, vol. 14(2), pages 227-247, May.
    6. Cheung, Yin-Wong & Chinn, Menzie D. & Qian, XingWang, 2014. "The structural behavior of China–US trade flows," BOFIT Discussion Papers 23/2014, Bank of Finland Institute for Emerging Economies (BOFIT).
    7. Holmes, Mark J. & Otero, Jesús & Panagiotidis, Theodore, 2013. "On the dynamics of gasoline market integration in the United States: Evidence from a pair-wise approach," Energy Economics, Elsevier, vol. 36(C), pages 503-510.
    8. Cheung, Yin-Wong & Chinn, Menzie David & Fujii, Eiji, 2003. "China, Hong Kong, and Taiwan: A Quantitative Assessment of Real and Financial Integration," Santa Cruz Department of Economics, Working Paper Series qt13d9m8jv, Department of Economics, UC Santa Cruz.
    9. Luisanna Onnis & Patrizio Tirelli, 2015. "Shadow economy: Does it matter for money velocity?," Empirical Economics, Springer, vol. 49(3), pages 839-858, November.
    10. Vasallo, Manuel Jesús & Cojocaru, Emilian Gelu & Gegúndez, Manuel Emilio & Marín, Diego, 2021. "Application of data-based solar field models to optimal generation scheduling in concentrating solar power plants," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 190(C), pages 1130-1149.
    11. Jean-Philippe Gervais, 2011. "Disentangling nonlinearities in the long- and short-run price relationships: an application to the US hog/pork supply chain," Applied Economics, Taylor & Francis Journals, vol. 43(12), pages 1497-1510.
    12. Haluk Erlat, 2004. "Unit roots or nonlinear stationarity in Turkish real exchange rates," Applied Economics Letters, Taylor & Francis Journals, vol. 11(10), pages 645-650.
    13. Naoufel Mahfoudh & Imen Gmach, 2021. "The Effects of Fiscal Effort in Tunisia: An Evidence from the ARDL Bound Testing Approach," Economies, MDPI, vol. 9(4), pages 1-20, December.
    14. Stefano Mainardi, 2018. "Fishing vessel efficiency, skipper skills and hake pricetransmission in a small island economy," Review of Agricultural, Food and Environmental Studies, INRA Department of Economics, vol. 99(3-4), pages 215-251.
    15. Sebastian Kripfganz & Daniel C. Schneider, 2023. "ardl: Estimating autoregressive distributed lag and equilibrium correction models," Stata Journal, StataCorp LP, vol. 23(4), pages 983-1019, December.
    16. Baumöhl, Eduard & Lyócsa, Štefan, 2012. "Constructing weekly returns based on daily stock market data: A puzzle for empirical research?," MPRA Paper 43431, University Library of Munich, Germany.
    17. Assem Urekeshova & Zhibek Rakhmetulina & Igor Dubina & Sergey Evgenievich Barykin & Angela Bahauovna Mottaeva & Shakizada Uteulievna Niyazbekova, 2023. "The Impact of Digital Finance on Clean Energy and Green Bonds through the Dynamics of Spillover," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 441-452, March.
    18. Lee, Yoonjae & Ha, Byeongmin & Hwangbo, Soonho, 2022. "Generative model-based hybrid forecasting model for renewable electricity supply using long short-term memory networks: A case study of South Korea's energy transition policy," Renewable Energy, Elsevier, vol. 200(C), pages 69-87.
    19. Lyócsa, Štefan & Výrost, Tomáš & Baumöhl, Eduard, 2012. "Breakdowns and revivals: the long-run relationship between the stock market and real economic activity in the G-7 countries," MPRA Paper 43306, University Library of Munich, Germany.
    20. Chimmula, Vinay Kumar Reddy & Zhang, Lei, 2020. "Time series forecasting of COVID-19 transmission in Canada using LSTM networks," Chaos, Solitons & Fractals, Elsevier, vol. 135(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jforec:v:5:y:2023:i:1:p:17-335:d:1087297. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.