In this paper, a genetic algorithm approach to tuning the ANC is described. The process consisted of choosing data sets, employing an objective forecast verification technique and a fitness function. The ANC was modified to operate create forecasts offline using parameters iteratively generated by the genetic algorithm. The parameters are generated by probabilistically combining parameters that result in better performance, leading to better and better parameters as the tuning process proceeds.
The forecasts created by ANC using the automatically determined parameters are compared with the forecasts created by ANC using parameters that were the result of human tuning. It is shown that forecasts created using the automatically tuned parameters are better than the ones created through human tuning. In addition, automated tuning can be done in a fraction of the time that it takes human forecasters to analyze the data and tune the weights.
Supplementary URL: