Gradient-boosted ML models achieved the best accuracy in a 4-restaurant hourly sales forecasting benchmark, with zero-shot Chronos-Bolt foundation models competitive in 3 of 4 cases.
(2023, August)
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Benchmarking Time Series Forecasting Models: From Statistical Techniques to Foundation Models in Real-World Applications
Gradient-boosted ML models achieved the best accuracy in a 4-restaurant hourly sales forecasting benchmark, with zero-shot Chronos-Bolt foundation models competitive in 3 of 4 cases.