Abstract Ensemble forecasting is a modeling approach that combines data sources, models of different types, with alternative assumptions, using distinct pattern recognition methods. The aim is to use all available information in predictions, without the limiting and arbitrary choices and dependencies resulting from a single statistical or machine learning approach or a single functional form, or results from a limited data source. Uncertainties are systematically accounted for. Outputs of ensemble models can be presented as a range of possibilities, to indicate the amount of uncertainty in modeling. We review methods and applications of ensemble models both within and outside of transport research. The review finds that ensemble forecasting generally improves forecast accuracy, robustness in many fields, particularly in weather forecasting where the method originated. We note that ensemble methods are highly siloed across different disciplines, and both the knowledge and application of ensemble forecasting are lacking in transport. In this paper we review and synthesize methods of ensemble forecasting with a unifying framework, categorizing ensemble methods into two broad and not mutually exclusive categories, namely combining models, and combining data; this framework further extends to ensembles of ensembles. We apply ensemble forecasting to transport related cases, which shows the potential of ensemble models in improving forecast accuracy and reliability. This paper sheds light on the apparatus of ensemble forecasting, which we hope contributes to the better understanding and wider adoption of ensemble models.

    Highlights Review and synthesize methods of ensemble forecasting with a unifying framework. As decision support tools, ensemble models systematically account for uncertainties. Ensemble methods can include combining models, data, and ensemble of ensembles. Transport ensemble models have the potential for improving accuracy and reliability.


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    Title :

    The ensemble approach to forecasting: A review and synthesis


    Contributors:
    Wu, Hao (author) / Levinson, David (author)


    Publication date :

    2021-08-13




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English




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