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Evaluating Short-Term Forecasting of Multiple Time Series in IoT Environments

AuthorsChristos Tzagkarakis, Pavlos Charalampidis, Stylianos Roubakis, Alexandros Fragkiadakis and Sotiris Ioannidis
TitleEvaluating Short-Term Forecasting of Multiple Time Series in IoT Environments
AbstractModern Internet of Things (IoT) environments are monitored via a large number of IoT enabled sensing devices, with the data acquisition and processing infrastructure setting restrictions in terms of computational power and energy re- sources. To alleviate this issue, sensors are often configured to operate at relatively low sampling frequencies, yielding a reduced set of observations. Nevertheless, this can hamper dramatically subsequent decision-making, such as forecasting. To address this problem, in this work we evaluate short-term forecasting in highly underdetermined cases, i.e., the number of sensor streams is much higher than the number of observations. Several statistical, machine learning and neural network-based models are thoroughly examined with respect to the resulting forecasting accuracy on five different real-world datasets. The focus is given on a unified experimental protocol especially designed for short-term prediction of multiple time series at the IoT edge. The proposed framework can be considered as an important step towards establishing a solid forecasting strategy in resource constrained IoT applications.
Conference30th European Signal Processing Conference (EUSIPCO 2022)
Date29 August – 2 September, 2022
LocationBelgrade, Serbia
Year of Publication, PublisherEuropean Association for Signal Processing (EURASIP)

Key Facts

  • Project Coordinator: Dr. Sotiris Ioannidis
  • Institution: Foundation for Research and Technology Hellas (FORTH)
  • E-mail: 
  • Start: 01.01.2021
  • Duration: 36 months
  • Participating Organisations: 17
  • Number of countries: 12

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This project has received funding from the European Union’s Horizon 2020 Research and Innovation program under grant agreement No 957337. The website reflects only the view of the author(s) and the Commission is not responsible for any use that may be made of the information it contains.