Time series prediction is a critical area of research with
applications in various domains such as finance, weather forecasting, and stock
market analysis. In this paper, we present a comparative analysis of two
popular methods for time series prediction [1]: Fourier Transformation and the
Autoregressive Integrated Moving Average (ARIMA) model. We took a dataset
representing climate data for the state of Madhya Pradesh for a period of 2000
days. We took three analytical metrics: pressure, humidity and temperature to
evaluate the performance of each method. We independently processed each metric
and plotted the graph for predicted data to do the analysis. Subsequently, we
implement the ARIMA model on the same dataset. We used Root Mean Squared Error
test to find the accuracy for both Fourier and ARIMA model and compared the
performance of the two methods based on the results of RMSE test. Our results
indicate that temperature and humidity is predicted better with ARIMA model
while pressure is better predicted by Fourier transformation. This study
contributes to the existing body of knowledge by providing insights into the
effectiveness of these methods for time series prediction, and can assist
researchers and practitioners in selecting the appropriate approach for their
specific needs.
Author(s) Details
Prerna Verma
Department of Mathematics, Birla Institute of Technology,
Mesra Ranchi-835215, Jharkhand, India.
Soubhik Chakraborty
Department of Mathematics, Birla Institute of Technology,
Mesra Ranchi-835215, Jharkhand, India.
Please see the link:- https://doi.org/10.9734/bpi/strufp/v8/1175
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