A Combined Forecast Method Integrating Contextual Knowledge

In the framework of TEI@I methodology, this paper proposes a combined forecast method integrating contextual knowledge (CFMIK). With the help of contextual knowledge, this method considers the effects of those factors that cannot be explicitly included in the forecast model, and thus it can efficiently decrease the forecast error resulted from the irregular events. Through a container throughput forecast case, this paper compares the performance of CFMIK, AFTER (a combined forecast method) and 3 types of single models (ARIMA, BP-ANN, exponential smoothing). The results show that the performance of CFMIK is better than that of the others. DOI: 10.4018/978-1-4666-3998-0.ch019