tdb7893
Joined 11 years ago
Joined 11 years ago
I'm sure someone who actually knows this stuff has a better easy to view it but my impression was that these time series foundation models aren't trained for a specific dataset but more they are trained on a procedure for how to look at datasets and make predictions. It doesn't seem to lump things into a bucket much more than any other model type (which also are just consistent procedures to look at datasets). It's not like you have radically different model types across different fields.
I don't mean to disparage amateur statistics since often there are interesting things that experts miss that amateurs have insight into but this sort of data with few data points (the data you have doesn't sound independent) and a lot of confounding factors is not trivial to accurately model. Not that everyone needs to learn statistics but this sort of data (and also this topic) probably deserves a bit more of a rigorous approach.
As a very simple example, picking a time range for the model because the model doesn't work when you go farther back adds a lot of potential bias into the model and that along with the non-independence issue (and without looking at the data myself I don't know if there are other issues) are going to lead to overconfidence in conclusions.
There's a channel on YouTube called Statquest that teaches statistics in a pretty accessible way if you're interested in analyzing this sort of data.
I'm in a different field but an arbitrary 27 years (1998-2024) of data and the autocorrelation both would get flagged in a review for me. Not to give statistics homework but you should test and correct the autocorrelation issue you're describing in the model and if the data goes farther back I would go farther back, too (with how you're describing the errors going off pattern then back on it sounds like the inference here would be at least somewhat unstable depending on year chosen).
Edit: these are the assumptions and basics of how to correct for violations, in particular you're describing a violation of assumption 2 but you should test for all of them - https://www.statology.org/linear-regression-assumptions/
I can understand Google somewhat here (if I was running a business I wouldn't be happy wading into a political issue like this) but the idea that they are above criticism for just falling in line still doesn't resonate with me.