{
  "id": 72454,
  "title": "Statistical methods over Machine/Deep Learning approaches",
  "url": "/competitions/favorita-grocery-sales-forecasting/discussion/72454",
  "author_name": "",
  "post_date": "2018-11-23T11:59:43.175526800Z",
  "votes": 1,
  "comment_count": 1,
  "views": 0,
  "content": "<p>I was reading lots of discussion threads and wondered why top solutions didn't use any statistical forecasting like ARIMA and Exponential Smoothing?</p>\n\n<p>In fact, I have read this book <a href=\"https://www.amazon.com/Sales-Forecasting-Practical-Mark-Blessington/dp/1505536847\">https://www.amazon.com/Sales-Forecasting-Practical-Mark-Blessington/dp/1505536847</a>, [Sales Forecasting: A Practical Guide by Mark Blessington], and he said that in sales forecasting domain, most simple and effective methods are Exponential Smoothing and ARIMAX. </p>\n\n<p>I want to know an intuitive reason why ML/DL approaches are performing better than statistical forecasting. What is a major limitation of this statistical forecasting?</p>",
  "messages": [
    {
      "id": "426530",
      "postDate": "11/23/2018 11:59:43",
      "content": "<p>I was reading lots of discussion threads and wondered why top solutions didn't use any statistical forecasting like ARIMA and Exponential Smoothing?</p>\n\n<p>In fact, I have read this book <a href=\"https://www.amazon.com/Sales-Forecasting-Practical-Mark-Blessington/dp/1505536847\">https://www.amazon.com/Sales-Forecasting-Practical-Mark-Blessington/dp/1505536847</a>, [Sales Forecasting: A Practical Guide by Mark Blessington], and he said that in sales forecasting domain, most simple and effective methods are Exponential Smoothing and ARIMAX. </p>\n\n<p>I want to know an intuitive reason why ML/DL approaches are performing better than statistical forecasting. What is a major limitation of this statistical forecasting?</p>",
      "rawMarkdown": "I was reading lots of discussion threads and wondered why top solutions didn't use any statistical forecasting like ARIMA and Exponential Smoothing?\n\nIn fact, I have read this book https://www.amazon.com/Sales-Forecasting-Practical-Mark-Blessington/dp/1505536847, [Sales Forecasting: A Practical Guide by Mark Blessington], and he said that in sales forecasting domain, most simple and effective methods are Exponential Smoothing and ARIMAX. \n\nI want to know an intuitive reason why ML/DL approaches are performing better than statistical forecasting. What is a major limitation of this statistical forecasting?",
      "votes": null
    },
    {
      "id": "426841",
      "postDate": "11/24/2018 01:40:40",
      "content": "<p>FYI <a href=\"https://www.analyticsvidhya.com/blog/2015/07/difference-machine-learning-statistical-modeling/\">https://www.analyticsvidhya.com/blog/2015/07/difference-machine-learning-statistical-modeling/</a></p>",
      "rawMarkdown": "FYI https://www.analyticsvidhya.com/blog/2015/07/difference-machine-learning-statistical-modeling/",
      "votes": null
    }
  ],
  "comments": [
    {
      "id": 426841,
      "author_name": "ahbon888",
      "author_url": "",
      "post_date": "11/24/2018 01:40:40",
      "content": "<p>FYI <a href=\"https://www.analyticsvidhya.com/blog/2015/07/difference-machine-learning-statistical-modeling/\">https://www.analyticsvidhya.com/blog/2015/07/difference-machine-learning-statistical-modeling/</a></p>",
      "votes": null,
      "replies": []
    }
  ],
  "raw_markdown_by_id": {
    "426530": "I was reading lots of discussion threads and wondered why top solutions didn't use any statistical forecasting like ARIMA and Exponential Smoothing?\n\nIn fact, I have read this book https://www.amazon.com/Sales-Forecasting-Practical-Mark-Blessington/dp/1505536847, [Sales Forecasting: A Practical Guide by Mark Blessington], and he said that in sales forecasting domain, most simple and effective methods are Exponential Smoothing and ARIMAX. \n\nI want to know an intuitive reason why ML/DL approaches are performing better than statistical forecasting. What is a major limitation of this statistical forecasting?",
    "426841": "FYI https://www.analyticsvidhya.com/blog/2015/07/difference-machine-learning-statistical-modeling/"
  },
  "source": "meta"
}