Time series forecasting is crucial for applications like resource scheduling and risk management, where multi-step predictions provide a comprehensive view of future trends.
The proposed Dual-Splitting Conformal Prediction (DSCP) method is a novel approach designed to capture inherent dependencies within time-series data for multi-step forecasting.
Experimental results on real-world datasets demonstrate that DSCP outperforms existing Conformal Prediction methods, achieving a performance improvement of up to 23.59% compared to state-of-the-art techniques.
DSCP is deployed in a real-world trajectory-based application for renewable energy generation and IT load forecasting, resulting in an 11.25% reduction in carbon emissions through predictive optimization of data center operations and controls.