A baseline time series data mining model for forecasts in port logistics and economics

Ana Ximena Halabi Echeverry*, Deborah Richards, Ayse Bilgin

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

Abstract

This paper addresses the question of how to develop forecasting models resulting from business processes that can be embodied in an intelligent decision support system. Moreover the design is suitable for evolving logistics and economic situations in which ports plan or foresee to have an improved economic role. The key objective of this work is to offer a model-based approach to Time Series Data Mining (TSDM) based on the assumptions that the time series may be produced by an underlying model, and that its flexibility is suitable to perform multivariate time-series analysis encompassing the notion of model selection and statistical learning known as the core of forecasting systems. Results indicate that for the period 2001 to 2005, the commodity throughput of coffee (tons) handled in the port of Buenaventura gains importance in the prediction of the Colombian national exports of coffee, thus indicating that the port operation was able to affect the economy in this regard. The previous period was strongly affected by outliers, creating a random walk process difficult to fit but feasible to produce due to unstable conditions evidenced in the economy.

Original languageEnglish
Title of host publication2013 13th International Conference on Intellient Systems Design and Applications, ISDA 2013
Place of PublicationPiscataway, NJ
PublisherInstitute of Electrical and Electronics Engineers (IEEE)
Pages313-318
Number of pages6
ISBN (Electronic)9781479935161
DOIs
Publication statusPublished - 10 Oct 2014
Event2013 13th International Conference on Intellient Systems Design and Applications, ISDA 2013 - Salangor, Malaysia
Duration: 8 Dec 201310 Dec 2013

Other

Other2013 13th International Conference on Intellient Systems Design and Applications, ISDA 2013
CountryMalaysia
CitySalangor
Period8/12/1310/12/13

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