This Forecasting Wizard Prefers Statistical Models Over Machine Learning
00:00 Introduction01:57 M6 Forecasting Competition - forecasting Walmart sales03:25 Forecasting wizard, Gee Thompson05:20 Gee's approach to the Walmart forecasting competition 08:00 Why Gee goes against the machine learning trend09:35 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 stay25:30 How to integrate ML into statistical forecastingSupport the Show.To sign up for regular updates and the latest research, events, articles, podcasts and more from the Institute of Business Forecasting & Training, visit www.ibf.org