ARMA model serves as the cornerstone for time series forecasting, capturing trends and smoothing out volatility in data.
Modern forecasting challenges require powerful and flexible models beyond ARMA, such as deep learning architectures like GRU, GNN, KAN, and Mamba.
Gated Recurrent Unit (GRU) efficiently captures temporal dependencies without complex gating mechanisms of LSTMs.
Mamba is a breakthrough model for handling long sequences with lower complexity than Transformers, essential for tasks like climate forecasting and health monitoring.