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This Forecasting Wizard Prefers Statistical Models Over Machine Learning
Manage episode 321469408 series 2810825
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00:00 Introduction
01:57 M6 Forecasting Competition - forecasting Walmart sales
03:25 Forecasting wizard, Gee Thompson
05:20 Gee's approach to the Walmart forecasting competition
08:00 Why Gee goes against the machine learning trend
09:35 Proving there's a place for traditional statistical models and human intelligence
12:43 Manual multipliers for seasonality
14:30 Explaining the Innovation State Space Model - is it a kind of Holt Winters method?
22:05 Probabilistic forecasting is here to stay
25:30 How to integrate ML into statistical forecasting
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