NeuralProphet puts Facebook’s Prophet on steroids using neural networks

Models remain interpretable to the extent that the components of the original function are retained. The authors claim 55% to 92% improvement in accuracy in short to medium-term forecasts, which is impressive if generalizable. Model training time increases 4-fold but prediction time improves 14-fold. Developed on PyTorch so it can be parallelized and deployed on GPUs, potentially to reduce training time. Ported to R but using a Python environment.

Looks promising especially for “AI on the edge” type mobile applications.

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