An Introduction to Forecasting Using Orbit

Explore the fundamentals of forecasting using Orbit in this 21-minute conference talk from the Data Science Festival. Delve into the world of probabilistic forecasting techniques based on Bayesian Inference as Murtaza Hussain, a Data Scientist at Connex One, introduces Orbit, a tool developed internally at Uber for long and short-term forecasting. Learn about the three exponential smoothing models implemented in Orbit, its fit-predict paradigm similar to Scikit Learn, and its feature-rich modules for hyperparameter tuning, back testing, and diagnostics. Discover how Connex One utilized Orbit to build a proof of concept for forecasting demand in their client-facing Technical Support team. Gain insights into the practical application of Orbit and see the results obtained from this innovative forecasting tool. This talk, part of the Data Science Festival Sandbox Sessions in 2023, offers valuable knowledge for data scientists and business professionals seeking to minimize costs and ensure service quality through effective forecasting techniques.