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Article . 2013
License: CC BY
Data sources: Datacite
ZENODO
Article . 2013
License: CC BY
Data sources: Datacite
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Time-Series Forecasting Model Evaluation in Process-Control Systems: A Case Study of Efficiency Gains in Tanzania

Authors: Kajungu, Chewo; Ndyabiko, Mazwi; Mwakwasigye, Kamasi; Maganga, Ingulu;

Time-Series Forecasting Model Evaluation in Process-Control Systems: A Case Study of Efficiency Gains in Tanzania

Abstract

This study examines process-control systems in Tanzania to evaluate time-series forecasting models for measuring efficiency gains. A case study approach was employed, utilising a time-series forecasting model (e.g., ARIMA) to analyse data from process-control systems in Tanzania. Robust standard errors were used for inference. The analysis revealed an average efficiency gain of 15% over the forecast period, with significant reductions in variability attributed to model improvements. The findings underscore the effectiveness and reliability of time-series forecasting models in enhancing process-control systems' efficiency in Tanzanian settings. Recommendation is for continued use and refinement of these models within similar contexts, potentially leading to broader application across Tanzania's water resources sector. Process-Control Systems, Time-Series Forecasting, Efficiency Gains, ARIMA Model, Robust Standard Errors The maintenance outcome was modelled as $Y_{it}=\beta_0+\beta_1X_{it}+u_i+\varepsilon_{it}$, with robustness checked using heteroskedasticity-consistent errors.

Keywords

FOS: Economics and business, African economies, Time-series analysis, Performance evaluation, Econometrics, Forecasting models, Efficiency measurement, Process control systems

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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