The connection between the sufficient forecasting and the deep learning architecture is explicitly stated.
The sufficient forecasting correctly estimates projection indices of the underlying factors even in the presence of a nonparametric forecasting function.
We finally demonstrate that the sufficient forecasting improves upon the linear forecasting in both simulation studies and an empirical study of forecasting macroeconomic variables.
Using the extracted factors, we develop a novel forecasting method called the sufficient forecasting, which provides a set of sufficient predictive indices, inferred from high-dimensional predictors, to deliver additional predictive power.
This meant that relatively weak evidence of failure would be sufficient to forecast a failure.
Note that while such segmentation is sufficient for forecasting total demand, it may not create categories useful for developing a marketing strategy.
A few decades of data won't be sufficient to inform forecasts for a 10,000-year flood event, as is required for some communities and for sensitive infrastructure such as nuclear power plants.
Our results suggest that NDVI index was not sufficient for drought forecasting and should be supported by additional data from meteorological stations, such as temperature or the amount of solar radiation.
In addition, it is not sufficient to calculate point forecasts alone: we need to forecast entire (discrete) predictive distributions, particularly for supply chain forecasting and inventory control, but also for other planning processes.
McConnell has opened up a narrow lead that, in combination with the model, is sufficient for us to forecast a Republican victory there.
"Even a transplanted Hawaiian-to-Chicagoan has sufficient respect for a forecast of nearly two feet of snow," Robert Gibbs, the White House press secretary, told reporters on Friday.
