On Similarity Measures for Stochastic and Statistical Modeling

In this work, our goal is to present and discuss similarity techniques for ordered observations between time series and non-time dependent data. The purpose of the study was to measure whether ordered observations of data sets are displayed at or close to, the same time points for the case of time s...

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Bibliographic Details
Main Authors: Konstantinos Makris, Ilia Vonta, Alex Karagrigoriou
Format: Article
Language:English
Published: MDPI AG 2021-04-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/9/8/840
Description
Summary:In this work, our goal is to present and discuss similarity techniques for ordered observations between time series and non-time dependent data. The purpose of the study was to measure whether ordered observations of data sets are displayed at or close to, the same time points for the case of time series and with the same or similar frequencies for the case of non-time dependent data sets. A simultaneous time pairing and comparison can be achieved effectively via indices, advanced indices and the associated index matrices based on statistical functions of ordered observations. Hence, in this work we review some previously defined standard indices and propose new advanced dimensionless indices and the associated index matrices which are both easily interpreted and provide efficient comparison of the series involved. Furthermore, the proposed methodology allows the analysis of data with different units of measurement as the indices presented are dimensionless. The applicability of the proposed methodology is explored through an epidemiological data set on influenza-like-illness (ILI). We finally provide a thorough discussion on all parameters involved in the proposed indices for practical purposes along with examples.
ISSN:2227-7390