The Dyn4cast package is designed to be a lightweight package, with the aim of simplifying the estimation, prediction and forecast of time-varying dataset, especially where the data is continuously collected on routine and regular basis. The package takes away the efforts of loading the libraries of more than 10 packages which have been used to develop the functions for forecasting the data.
Although it would be possible to install the released version of Dyn4cast from CRAN in future, presently, only the development version is available. The canonical form for CRAN is:
install.packages("Dyn4cast")
The development version is the only one available now and can be installed from GitHub with:
# install.packages("devtools")
devtools::install_github("JobNmadu/Dyn4cast")
At present, the package exports the following functions:
-
DynamicForecast
which takes two required arguments: theData
of any recognized format but should be a dataframe containing two columnsDate
andCase
. The Date is the day/month/year the data is collected while Case is the variable for forecasting. The Date must be in the recognized format i.e. ‘YYYY-MM-DD’. The other arguments parsed to the function areMaximumDate
, which is the last date Data was collected andBREAKS
, which is a vector of numbers and is used asknots
in estimating spline polynomials. -
constrainedforecast
which constrain forecast of one-sided integer forecast to lie between the lower and upper limits of the base data. The function estimates the lower and upper 80% and 95% forecasts of the estimated model. This function works with two other functions, that is,invscaledligit
andscaledlogit
which are adapted from Hyndman & Athanasopoulos (2021) and both of which are adopted. -
Percent
which affix the % sign on a value or a vector or data frame of values. -
MachineLearningMetrics
which collects more than 40 metrics that are useful in model selection. The beauty of this function is the simplicity with which these metrics are collected from difference packages and saves the user the need to load more than 10 libraries in order to get these metrics. -
MallowsCP
for determining the the Mallows CP. -
Linearsystems
for linear regression model with some transformation. -
quicksummary
which outputs a formatted table of useful summary statistics of machine learning data. -
formattedcut
is a wrapper for providing publication ready frequency tables for continuous variable. -
data_transform
is a wrapper for standardizingdata.frame
to make the values comparable for estimation and/or visualization. -
estimate_plot
is a function for plotting estimated coefficients of a model in their order of significance. -
corplot
is for plotting the correlation matrix. -
garrett_ranking
is for ranking Likert-type data. -
Model_factors
is for determining and retrieving latent factors from Likert-type data for estimation and Machine Learning.
The package is capable of
-
computing, estimating, predicting and forecasting of the following models.
-
Spline without knots
-
Spline with knots
-
Smooth Spline
-
ARIMA
-
Quadratic
-
Ensembled with equal weight
-
Ensembled based on weight
-
Ensembled based on summed weight
-
Ensembled based on weight of fit
-
-
Unconstrained forecasts
-
Constrained forecast
-
Machine Learning Metrics
-
Mallow’s CP
-
Per cent sign
-
Rate
-
percent
-
-
Scaled logit for constrained forecast
-
Inverse scaled logit for constrained forecast
-
Linear regression and functional forms which consists of
-
Linear model
-
Linear model with interactions
-
Semilog model
-
Growth model
-
Double Log model
-
Mixed-power model
-
Translog model
-
Quadratic model
-
Cubic model
-
Inverse of y model
-
Inverse of x model
-
Inverse of y & x model
-
Square root model
-
Cubic root model
-
formatted Model Table
-
Prediction plots
-
Fitted plots
-
Naive effects plots
-
Summary of numeric variables
-
Summary of character variables
-
-
Convert a continuous vector to a data frame
-
Convert a raw data frame to a uniform data frame
-
Plot of correlation matrix
-
Plot of the order of significance of estimates coefficients
-
Rank Likert-type data using Garrett ranking technique
-
Determine and retrieve the latent factors in Likert-type variables
The citation information for this package can be obtained easily when
you run citation("Dyn4cast")
in your R
console.
citation("Dyn4cast")
To cite package 'Dyn4cast' in publications use:
Nmadu J (2023). _Dyn4cast: Dynamic Modeling and Machine Learning
Environment_. https://github.com/JobNmadu/Dyn4cast,
https://jobnmadu.github.io/Dyn4cast/.
A BibTeX entry for LaTeX users is
@Manual{,
title = {Dyn4cast: Dynamic Modeling and Machine Learning Environment},
author = {Job Nmadu},
year = {2023},
note = {https://github.com/JobNmadu/Dyn4cast,
https://jobnmadu.github.io/Dyn4cast/},
}
Although not a dependency, the package derives functionally from a number of other packages and so may require you to install such packages if they are not yet installed. The packages are listed below:
install.packages(c("forecast", "lubridate", "Metrics", "tidyr", "ggplot2", "magrittr", "formattable", "xlsx", "readxl"))
Note that a warning (not error) is thrown up while estimating the
RMSE for the Ensembled with equal weight
model. It was thoroughly
investigated and causes no harm. Efforts are still on to silence the
warning, which I will soon. The warning is one of such issues that is
general to R. If you set your chunk option to warning = FALSE
you
will not notice the warning.
The package is still very much in progress as such feedback, particularly at this developmental stage, would be greatly welcome and appreciated. Please fork your feedback at GitHub.
Mahoney, M. (2021). Model averaging methods: how and why to build ensemble models.
Hyndman, R. J. (2020). Quantile forecasting with ensembles and combinations in Business Forecasting: The Emerging Role of Artificial Intelligence and Machine Learning, eds. Gilliland, Tashman & Sglavo. John Wiley & Sons.
Hyndman, R.J., & Athanasopoulos, G. (2021). Forecasting: principles and practice, 3rd edition, OTexts: Melbourne, Australia. OTexts.com/fpp3. Accessed on July 30, 2021.
Please note that the Dyn4cast project is released with a Contributor Code of Conduct. By contributing to this project, you agree to abide by its terms.