• Corpus ID: 248266590

Optimal reconciliation with immutable forecasts

  title={Optimal reconciliation with immutable forecasts},
  author={Bohan Zhang and Yanfei Kang and Anastasios Panagiotelis and Feng Li},
The practical importance of coherent forecasts in hierarchical forecasting has inspired many studies on forecast reconciliation. Under this approach, so-called base forecasts are produced for every series in the hierarchy and are subsequently adjusted to be coherent in a second reconciliation step. Reconciliation methods have been shown to improve forecast accuracy, but will, in general, adjust the base forecast of every series. However, in an operational context, it is sometimes necessary or… 

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