4min chapter

Data Skeptic cover image

Fast and Frugal Time Series Forecasting

Data Skeptic

CHAPTER

Using Less Models to Produce Good Forecasts

The secret behind it is that there are so many models nowadays, he says. So using less models and still being able to capture the basic time series patterns, then effectively your search for obtimaltive decreases. And you have a good enough model to produce good enough forecasts for whatever comes ahead - even though future data might not be the same as now.

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