Valeriy M. Profile picture
Aug 17 8 tweets 4 min read
Another great development from @nixtlainc, ETS from StatsForecast is much more accurate and over 100 faster than NeuralProphet.

nice work @fede_gr and @nixtlainc team

#timeseries #forecasting
Last year a few data scientists including myself exposed severe issues with facebook prophet resulting in facebook pulling down claims such as “with facebook prophet anyone can produce better forecasts than human experts “.
Still the hope was that with Neural Prophet things will be better and one can at least partially repair the worst forecasting model of the XXIst century - Facebook Prophet. valeman.medium.com/benchmarking-f…
My own very limited tests indicated that Neural Prophet was somewhat better than Neural Prophet. It was still “curve fitter” but including AR terms delivered some improvement however the deep AR part didn’t seem to bring any value beyond linear terms.

valeman.medium.com/benchmarking-n…
The large scale examination by @nixtlainc team has shattered remaining hopes - as its parent Facebook Prophet, Neural Prophet seems to be severely handicapped by design.
The mechanistic “curve fitter” design coupled with Bayesian approach seems to put it at severe disadvantage compared even to simple methods invented in the late 1950s whilst being over x100 more slow - a shocker.

#timeseries #algorithms

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Valeriy M.

Valeriy M. Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(