Evaluation of a Foundational Model and Stochastic Models for Forecasting Sporadic or Spiky Production Outages of High-Performance Machine Learning Services
Keun Soo Yim

TL;DR
This paper compares a foundational time series forecasting model with classical stochastic models for predicting rare, spiky production outages in high-performance machine learning services, demonstrating the foundational model's effectiveness in this challenging scenario.
Contribution
It optimizes and evaluates a foundational model for forecasting sporadic outages, providing insights into its performance relative to classical stochastic models for extreme event prediction.
Findings
Foundational model accurately forecasts sporadic outages with less than 6% error.
The analysis reveals key data patterns captured by the foundational model.
Classical stochastic models are less effective for extreme, rare events.
Abstract
Time series forecasting models have diverse real world applications (e.g., from electricity metrics to software workload). Latest foundational models trained for time series forecasting show strengths (e.g., for long sequences and in zero-shot settings). However, foundational model was not yet used for forecasting rare, spiky events, i.e., a challenging target because those are a corner case of extreme events. In this paper, we optimize a state-of-the-art foundational model to forecast sporadic or spiky production outages of high-performance machine learning services powering billions of client devices. We evaluate the forecasting errors of the foundational model compared with classical stochastic forecasting models (e.g., moving average and autoregressive). The analysis helps us understand how each of the evaluated models performs for the sporadic or spiky events. For example, it…
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Taxonomy
TopicsEnergy Load and Power Forecasting · Forecasting Techniques and Applications · Stock Market Forecasting Methods
