Wavelet Methods for Very-short Term Forecasting of Functional Time Series
Abstract
Space launch operations at Kennedy Space Center and Cape Canaveral Space Force Station (KSC/CCSFS) are complicated by unique requirements for near-real time determination of risk from lightning. Lightning forecast weather sensor networks produce data that are noisy, high volume, and high frequency time series for which traditional forecasting methods are often ill-suited. Current approaches result in significant residual uncertainties and consequentially may result in forecasting operational policies that are excessively conservative or inefficient. This work proposes a new methodology of wavelet-enabled semiparametric modeling to develop accurate and timely forecasts robust against chaotic functional data. Wavelets methods are first used to de-noise the weather data, which is then used to estimate a single-index model for forecasting. This semiparametric technique mitigates noise of the chaotic signal while avoiding any possible distributional misspecification.
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 2021
- Accession Number
- AD1148723
Entities
People
- Jarod K. Nystrom
Organizations
- Air Force Institute of Technology