Ivan Palomares Carrascosa builds a matrix:
Time series data have the added complexity of temporal dependencies, seasonality, and possible non-stationarity.
Arguably, the most frequent predictive problem to address with time series data is forecasting i.e. predicting future values of a variable like temperature or stock price based on historical observations up to the present. With so many different models for time series forecasting, practitioners might sometimes find it difficult to choose the most suitable approach.
This article is designed to help, through the use of a decision matrix accompanied by explanations on when and why to employee different models depending on data characteristics and problem type.
Ivan breaks it out into two dimensions, data complexity and univariate/multivariate, and explains which types of algorithms might work best in each.
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