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AI Features

Baselines

Explore baseline forecasting techniques in time series analysis. Learn to calculate simple average and naive forecasts using Python and understand their role as benchmarks to assess model accuracy. This lesson helps you compare advanced models against basic baselines to ensure meaningful forecasting results.

Overview

Baselines are important so that we can have something to compare our models to. Imagine we put a lot of work into creating an LSTMLong Short-Term Memory neural network model to forecast sales, and the model doesn't perform better than just using a simple ...