Tackling Spatio-Temporal Challenges
Explore modeling challenges in rare event prediction, including data imbalance and early prediction.
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Identifying the unique challenges in rare event prediction not only sharpens our modeling approach but also directly impacts the effectiveness of our solutions in real-world scenarios.
The step after formulating a problem is to identify the modeling challenges. Challenges, if identified, enable a better modeling direction. It tells a practitioner the issues to address during the modeling.
A few acute challenges posed by a rare event problem are:
- High-dimensional multivariate time series process
- Early prediction
- Imbalanced data
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