The Theta model is a statistical forecasting method primarily used for time series data. It was introduced in a paper by Forecasters Koenker and d’Orey in 2001 and has gained recognition due to its strong performance in various forecasting competitions, including the M3 Competition. Key features of the Theta model include: 1. **Decomposition Approach**: The model combines the classical decomposition of time series data into different components—such as trend, seasonality, and noise—with regression techniques.
Articles by others on the same topic
There are currently no matching articles.