Revolutionizing Forecasting: Kalman Filter Models Predict Future Trends with Precision
The article discusses how to predict future trends using advanced mathematical models called structural time series models and the Kalman filter. These models help in estimating, predicting, and smoothing data to make accurate forecasts. The researchers also explore different ways to test and select the best model for the data. They look at how to include additional factors that may influence the data and how to apply these models to multiple variables at once. Overall, the article provides a comprehensive guide on using these models to analyze and predict time series data effectively.