2022
DOI: 10.1007/s40745-022-00418-4
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Forecasting the Trends of Covid-19 and Causal Impact of Vaccines Using Bayesian Structural time Series and ARIMA

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Cited by 17 publications
(8 citation statements)
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“…Recent research compared the accuracy of Bayesian structural time series (BSTS) analysis and ARIMA models and found that BSTS models tend to be more accurate (Thorakkattle et al, 2022). In addition, some have argued for using BSTS rather than ARIMA for examining trends in relatively rare events, such as serious crimes, since such data may violate ARIMA’s underlying assumptions (Ratcliff et al, 2017; Quddus, 2008).…”
Section: Resultsmentioning
confidence: 99%
“…Recent research compared the accuracy of Bayesian structural time series (BSTS) analysis and ARIMA models and found that BSTS models tend to be more accurate (Thorakkattle et al, 2022). In addition, some have argued for using BSTS rather than ARIMA for examining trends in relatively rare events, such as serious crimes, since such data may violate ARIMA’s underlying assumptions (Ratcliff et al, 2017; Quddus, 2008).…”
Section: Resultsmentioning
confidence: 99%
“…Causal impact analysis is a predictive model developed by Google, which estimates the isolated impact of not implementing an intervention 8 . This method has been generally used for online marketing analysis and has been recently applied to health care data, with use cases related to understanding the impact of the COVID‐19 pandemic, including estimating the impact of lockdown and vaccines on viral spread 23 . Causal impact analysis has also been used to understand the impact of smoking bans on cigarette sales 24 and as a framework for evaluating interventions with biomedical sensor data 25 .…”
Section: Discussionmentioning
confidence: 99%
“…8 This method has been generally used for online marketing analysis and has been recently applied to health care data, with use cases related to understanding the impact of the COVID-19 pandemic, including estimating the impact of lockdown and vaccines on viral spread. 23 Causal impact analysis has also been used to understand the impact of smoking bans on cigarette sales 24 and as a framework for evaluating interventions with biomedical sensor data. 25 The increasing availability of continuous time series data collected by health care systems, combined with economic pressures to invest in measures that prospectively reduce waste rather than retrospectively analyze it, will continue to support the utility of this analytic method.…”
Section: Discussionmentioning
confidence: 99%
“…1 In the early stages of the pandemic, UC models were used to fit linear deterministic trends to COVID-19 case numbers and to identify structural breaks (Hartl et al 2020;Lee et al 2021;Liu et al 2021). With an increasing number of observations available, UC models with stochastic trends have been considered by Moosa (2020) and Doornik et al (2022), while (stationary) seasonal components were added by Navas Thorakkattle et al (2022) and Xie (2022), among others. However, appropriately accounting for the alternating peaks and troughs in the trend of COVID-19 case numbers remains an open challenge.…”
Section: Introductionmentioning
confidence: 99%