arXiv Machine Learning

Forecasting Weather-Driven Price Dynamics Across Sri Lankan Tea Market Catalogues

The study investigates how local weather conditions influence price dynamics in Sri Lankan tea markets by creating a structured dataset from 105 weekly broker reports and regional weather data. Using Granger causality and tree‑based machine learning models, the authors find that market forces dominate but weather—especially precipitation and sunshine for Low Grown tea, and temperature for Off‑Grade and Dust—significantly affects prices with notable lag effects. Catalogue‑specific models, particularly LightGBM, outperform unified approaches, underscoring the value of tailored forecasting.

arXiv Machine Learning
Jun 30

When Prices Double in a Week: Forecasting of Agricultural Volatility in Import-Isolated Markets

arXiv:2606. 29248v1 Announce Type: new Abstract: Vegetable prices in Sri Lanka are highly volatile because the market is largely import-isolated, so supply disruptions quickly drive prices up.

By Ranuga Weerasekara, Heshan Nethmina, Manuja Ranathunga, Vinma Wettasinghe, Dinithi Navodya, Subavarshana Arumugam, Nirasha Munasinghe, Nisansa de Silva, Sandareka Wickramanayake
arXiv Machine Learning
Jun 16

Machine Learning and the Random Walk Puzzle: Forecasting the CAD/USD Exchange Rate with Expanding Window Evaluation and SHAP Interpretability

arXiv:2606. 15058v1 Announce Type: new Abstract: This study examines whether machine learning (ML) models can outperform the naive random walk benchmark in forecasting the monthly USD/CAD exchange rate.

By Louis Agyekum, Edmund Fosu Agyemang, Obu-Amoah Ampomah, Kofi Acheampong, Emmanuel Boadi, Priscilla Yaa Amakye, Fafa Shalom Tchorly, Enock Adu Bonsu, Eric Nyarko
arXiv Machine Learning
Jul 21

Time-Aware Prior Fitted Networks for Zero-Shot Forecasting with Exogenous Variables

arXiv:2603. 15802v2 Announce Type: replace Abstract: In many time series forecasting settings, the target time series is accompanied by exogenous covariates, such as promotions and prices in retail demand; temperature in energy load; calendar and holiday indicators for traffic or sales; and grid load or fuel costs in electricity pricing.

By Andres Potapczynski, Ravi Kiran Selvam, Tatiana Konstantinova, Malcolm Wolff, Kin G. Olivares, Ruijun Ma, Michael W. Mahoney, Andrew Gordon Wilson, Boris N. Oreshkin, Dmitry Efimov
arXiv Machine Learning
Jun 5

Electricity price forecasting across Norway's five bidding zones in the post-crisis era

arXiv:2604. 26634v2 Announce Type: replace Abstract: Norway's electricity market is heavily dominated by hydropower, but the 2021-2022 energy crisis and stronger integration with Continental Europe have fundamentally altered price formation, reducing the reliability of forecasting models calibrated on historical data.

By My Thi Diem Phan, Trung Tuyen Truong, Hoai Phuong Ha, Dat Thanh Nguyen
arXiv Machine Learning
Sep 25

Improving global precipitation forecasts with an AI weather model trained on satellite observations

The paper presents Laxmi, a retrained version of the AIFS weather model that uses satellite-based precipitation observations instead of ERA5 reanalysis data. Laxmi achieves a 19% improvement in global probabilistic accuracy, reduces drizzle overprediction by 33%, and boosts the 95th percentile Brier skill score by 57%. In a case study of 10 Indian tropical storms, Laxmi accurately forecasted 150 mm event-total precipitation in 7 events, outperforming both the original AIFS and the leading physical model IFS.

By Julian F. Schmitt, Bertrand Delorme, Robert C. King, Yashica Patodia, Tapio Schneider, Aditi Sheshadri, Ravi Jain
arXiv Machine Learning
Aug 28

A causal graph-informed temporal convolution architecture for interpretable retail electricity price forecasting

The paper presents a Causal Graph‑Informed Temporal Convolutional Network (CG‑TCN) that fuses a learned causal graph with a temporal convolutional network to forecast retail electricity prices. By decomposing price series into multi‑resolution trends and discovering a causal graph over these components and key covariates, the model conditions its convolutions and attention on causal pathways. On ten years of Ohio residential contracts, CG‑TCN outperforms benchmarks, achieving MAEps of 3.08%, 3.82%, and 5.43% for one‑, ten‑, and fifteen‑step‑ahead forecasts, respectively.

By Yufan Ji, Abdollah Shafieezadeh, Noah Dormady
arXiv Machine Learning
Sep 4

WeatherNext 3: Increasing resolution and performance of global weather models with raw observations

WeatherNext 3 is a new AI‑driven global weather model that improves both spatial and temporal resolution by generating hourly forecasts at 0.1° resolution, matching the best physics‑based models. It incorporates low‑latency geostationary satellite data and learns to predict satellite‑derived precipitation, tropical cyclones, and station observations, enabling 2 m temperature and dewpoint predictions anywhere and anytime. By directly using raw observations instead of relying solely on analysis data, WeatherNext 3 sets a new state‑of‑the‑art for probabilistic medium‑range forecasting skill.

By Stephan Rasp, Boris Babenko, Dominic Masters, Andrew El-Kadi, Samier Merchant, Guy Shalev, Ilan Price, Fred Zyda, Remi Lam, Sasha Shysheya, Matthew Willson, Stratis Markou, Shreya Agrawal, Suhani Vora, Mohammed Alewi Hassen, Sunny Mak, Tom R. Andersson, Megan Bela, Akib Uddin, Nofar Peled Levi, Ben Gaiarin, Ferran Alet, Aaron Bell, Peter Battaglia, Alvaro Sanchez-Gonzalez