Empirical Evaluation of Alternative Time-Series Models for COVID-19 Forecasting in Saudi Arabia
Isra Al-Turaiki,
Fahad Almutlaq,
Hend Alrasheed and
Norah Alballa
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Isra Al-Turaiki: Department of Information Technology, College of Computer and Information Sciences, King Saud University, Riyadh 11451, Saudi Arabia
Fahad Almutlaq: Geography Department, College of Arts, King Saud University, Riyadh 11451, Saudi Arabia
Hend Alrasheed: Department of Information Technology, College of Computer and Information Sciences, King Saud University, Riyadh 11451, Saudi Arabia
Norah Alballa: Department of Computer Science, College of Computer and Information Sciences, King Saud University, Riyadh 11451, Saudi Arabia
IJERPH, 2021, vol. 18, issue 16, 1-19
Abstract:
COVID-19 is a disease-causing coronavirus strain that emerged in December 2019 that led to an ongoing global pandemic. The ability to anticipate the pandemic’s path is critical. This is important in order to determine how to combat and track its spread. COVID-19 data is an example of time-series data where several methods can be applied for forecasting. Although various time-series forecasting models are available, it is difficult to draw broad theoretical conclusions regarding their relative merits. This paper presents an empirical evaluation of several time-series models for forecasting COVID-19 cases, recoveries, and deaths in Saudi Arabia. In particular, seven forecasting models were trained using autoregressive integrated moving average, TBATS, exponential smoothing, cubic spline, simple exponential smoothing Holt, and HoltWinters. The models were built using publicly available daily data of COVID-19 during the period of 24 March 2020 to 5 April 2021 reported in Saudi Arabia. The experimental results indicate that the ARIMA model had a smaller prediction error in forecasting confirmed cases, which is consistent with results reported in the literature, while cubic spline showed better predictions for recoveries and deaths. As more data become available, a fluctuation in the forecasting-accuracy metrics was observed, possibly due to abrupt changes in the data.
Keywords: COVID-19; time-series analysis; autoregressive integrated moving average; TBATS; exponential smoothing; cubic spline; simple exponential smoothing; Holt; HoltWinters (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2021
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