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R packages FoReco and FoRecoML offer unified toolbox for forecast reconciliation

Researchers have introduced FoReco and FoRecoML, a unified toolbox for R designed to enhance forecast reconciliation. These packages address the lack of comprehensive software for cross-sectional, temporal, and cross-temporal reconciliation of time series data. FoReco implements classical and regression-based linear methods, while FoRecoML offers non-linear machine learning approaches, catering to both novice and expert users. AI

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IMPACT Provides new tools for improving time series forecasting accuracy and coherence using both classical and machine learning methods.

RANK_REASON The cluster describes the release of new R packages for forecast reconciliation, detailed in an arXiv preprint.

Read on arXiv stat.ML →

COVERAGE [2]

  1. arXiv stat.ML TIER_1 · Daniele Girolimetto, Jeroen Rombouts, Ines Wilms, Yangzhuoran Fin Yang ·

    FoReco and FoRecoML: A Unified Toolbox for Forecast Reconciliation in R

    arXiv:2604.27696v1 Announce Type: cross Abstract: Forecast reconciliation has become key to improving the accuracy and coherence of forecasts for linearly constrained multiple time series, such as hierarchical and grouped series. Yet, comprehensive software that jointly covers cr…

  2. arXiv stat.ML TIER_1 · Yangzhuoran Fin Yang ·

    FoReco and FoRecoML: A Unified Toolbox for Forecast Reconciliation in R

    Forecast reconciliation has become key to improving the accuracy and coherence of forecasts for linearly constrained multiple time series, such as hierarchical and grouped series. Yet, comprehensive software that jointly covers cross-sectional, temporal, and cross-temporal reconc…