## Using `online`

in Production

This vignette explains the use of `predict()`

and
`update()`

. These are the two most important functions when
using `profoc`

in production. The `predict()`

method is used to combine new expert forecasts using the most recent
combination weights. This is useful if we combine new expert forecasts
with the most recent combination weights, but new observations have yet
to be realized. At a later point, `update()`

can be used to
update the combination weights by evaluating the realized observations.
We assume that you followed the `vignette("profoc")`

already.
We will reuse the data and the model from there.

### Combining new expert predictions

First, we create new expert predictions:

`new_experts <- experts[T, , , drop = FALSE]`

The default behavior of `predict()`

updates the
`combination`

object. So, it can later be used to update the
combination weights as realized values emerge. That is,
`predict()`

expands `combination$predictions`

and
returns the updated `combination`

.

```
dim(combination$predictions)
#> [1] 32 1 99
# Predict will expand combination$predictions
combination <- predict(combination,
new_experts = new_experts
)
dim(combination$predictions)
#> [1] 33 1 99
```

If you are only interested in the predictions, you can set
`update_model = FALSE`

. In this case, `predict()`

solely returns the predictions:

### Updating the model weights

As new realizations emerge, we can update the combination weights.
This is done by `update()`

. That is, `update()`

expands `combination$weights`

and returns the updated
`combination`

.

### Summary on `predict()`

and `update()`

As seen above, `predict()`

and `update()`

are
closely related and usually called sequentially. In an only setting, we
want to calculate the forecast (the combination) as soon as new expert
predictions emerge. For that, we can use `predict()`

. Later,
as new observations are realized, we can `update()`

the
combination weights.

We designed to also work in non-standard scenarios. So if, for
example, experts provide multi-step-ahead predictions, we can use
`predict()`

to combine all of them using the most recent
combination weights. Afterward, one or multiple `update()`

calls can be used to update the combination weights as new observations
are realized. If we want to `predict()`

and
`update()`

simultaneously, we can do this. We can pass the
new expert predictions and observations to `predict()`

. This
will update the combination weights and predictions with only one call
to `predict()`

.