TimeGPT-1

 [[{“value”:”In this paper, we introduce TimeGPT, the first foundation model for time series, capable of generating accurate predictions for diverse datasets not seen during training. We evaluate our pre-trained model against established statistical, machine learning, and deep learning methods, demonstrating that TimeGPT zero-shot inference excels in performance, efficiency, and simplicity. Our study provides compelling evidence
The post TimeGPT-1 appeared first on Marginal REVOLUTION.”}]] 

In this paper, we introduce TimeGPT, the first foundation model for time series, capable of generating accurate predictions for diverse datasets not seen during training. We evaluate our pre-trained model against established statistical, machine learning, and deep learning methods, demonstrating that TimeGPT zero-shot inference excels in performance, efficiency, and simplicity. Our study provides compelling evidence that insights from other domains of artificial intelligence can be effectively applied to time series analysis. We conclude that large-scale time series models offer an exciting opportunity to democratize access to precise predictions and reduce uncertainty by leveraging the capabilities of contemporary advancements in deep learning.

Here is the full paper by Azul Garza and Max Mergenthaler-Canseco.  Here are some tweets on it.  Some of you need to get a new job, people!

The post TimeGPT-1 appeared first on Marginal REVOLUTION.

 Economics, Uncategorized, Web/Tech