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A simple baseline for AI forecasting in machine learning
In a recent paper, SFI Complexity Postdoctoral Fellow Yuanzhao Zhang and co-author William Gilpin show that a deceptively simple forecasting strategy can outperform several leading machine learning forecasting models. Their method, called context parroting, relies on short stretches of time-series data (or context). As it moves through the time series, it scans for similar patterns or motifs that appeared earlier in the sequence, and uses those patterns to predict what might come next.