Finding similar trends among time series data is critical for applications ranging from financial planning to policy making. The detection of these multifaceted relationships, especially time warped matching of time series of different lengths and alignments is prohibitively expensive to compute. To achieve real time responsiveness on large time series datasets, we propose a novel paradigm called Online Exploration of Time Series (ONEX) employing a powerful one-time preprocessing step that encodes critical similarity relationships to support subsequent rapid data exploration. Since the encoding of a huge number of pairwise similarity relationships for all variable lengths time series segments is not feasible, our work rests on the important insight that clustering with inexpensive point-to-point distances such as the Euclidean Distance can support subsequent time warped matching. Our ONEX framework overcomes the prohibitive computational costs associated with a more robust elastic distance namely the DTW by applying it over the surprisingly compact knowledge base instead of the raw data. Our comparative study reveals that ONEX is up to 19% more accurate and several times faster than the state-of-the-art. Beyond being a highly accurate and fast domain independent solution, ONEX offers a truly interactive exploration experience supporting novel time series operations.
Modern applications in this digital age collect a staggering amount of time series data from economic growth rates to electrical household consumption habits. To make sense of it, domain analysts interactively sift through these time series collections in search of critical relationships between and recurring patterns within these time series. The ONEX (Online Exploration of Time Series) system supports effective exploratory analysis of time series collections composed of heterogeneous, variable-length and misaligned time series using robust alignment dynamic time warping (DTW) methods. To assure real-time responsiveness even for these complex and compute-intensive analytics, ONEX precomputes and then encodes time series relationships based on the inexpensive-to-compute Euclidean distance into the ONEX base. Thereafter, based on a solid formal foundation, ONEX uses DTW-enhanced analytics to correctly extract relevant time series matches on this Euclidean-prepared ONEX base. Our live interactive demonstration shows how our ONEX exploratory tool, supported by a rich array of visual interactions and expressive visualizations, enables efficient mining and interpretation of the MATTERS real data collection composed of economic, social, and education data trends across the fifty American states.
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