Lag Llama

Lag-Llama: Towards Foundation Models for Probabilistic Time Series Forecasting

Data SciencePythonApache-2.0

Abstract

Lag Llama is an open-source Data Science project. Lag-Llama: Towards Foundation Models for Probabilistic Time Series Forecasting. Lag-Llama is the first open-source foundation model for time series forecasting! It is built using Python. The complete source code is publicly available on GitHub under the Apache License 2.0, making it a useful reference for students building a Data Science mini project or final-year project.

1. Introduction

Lag-Llama is the first open-source foundation model for time series forecasting!

[Model Weights] [Colab Demo 1: Zero-Shot Forecasting] [Colab Demo 2: (Preliminary Finetuning)]

Zero-shot forecasting on a dataset of any frequency for any prediction length, using Colab Demo 1.

2. Objective

Lag-Llama: Towards Foundation Models for Probabilistic Time Series Forecasting

This project demonstrates how Python can be applied to a real-world Data Science problem.

4. Technology Stack

Python

5. System Requirements

General requirements for this technology stack — check the README for exact versions.

  • Python 3.8 or later
  • pip / virtualenv for dependencies
  • VS Code, PyCharm or Jupyter Notebook
  • Git (to clone the repository)

6. Installation & Setup

git clone https://github.com/time-series-foundation-models/lag-llama.git
cd lag-llama

Full setup instructions are in the project README.

7. Future Enhancements

Suggested extensions you can add to make this your own project.

  • Turn the analysis into an interactive dashboard
  • Automate data refresh with a scheduled job
  • Add a predictive model on top of the analysis

8. Viva / Review Questions

Common questions examiners ask for projects in this domain.

  1. What is the source of the dataset and how was missing data handled?
  2. Which exploratory analysis steps revealed the most useful insight?
  3. Why were these particular charts chosen to present the data?
  4. Which statistical or ML technique supports the conclusions?
  5. How could the analysis be automated or refreshed with new data?

9. Source Code & License

This project is developed by time-series-foundation-models and published on GitHub under the Apache License 2.0. Please follow the license terms and credit the original author when you use or modify this code.

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