Before revision:  To illustrate the approach we consider the problem of using datato predict the conditional distribution of the near future of a stationary, ergodic time series and compare it with probabilistic approaches based on first fitting a model. We believe our reduction of this regression problem for streams to a linear problem is clean, systematic, and efficient in minimizing the effective dimensionality.
After revision:  We believe that the insight provided by this paper will provide additional tool in the toolbox for studying sequential data. Our reduction of this regression problem for streams to a linear problem is clean, systematic, and efficient in minimizing the effective dimensionality.