Models & methods
Foundation model
A forecasting foundation model is pretrained on many time series, then used zero-shot or fine-tuned on yours. The bet is that other series taught it shapes that transfer — season, spikes, slow trends — so you are not starting from random weights.
They shine when you have many related series or short history. They are not exempt from a backtest. A pretrained prior can be confidently wrong on a niche promo calendar.
Fine-tuning is extra fit on your workspace. Do it when the zero-shot path plateaus and you can afford the job. Do not fine-tune as a ritual.
Foundation does not mean 'no features.' Covariates you will have at inference still help. What you skip is weeks of architecture shopping for the first path.
Same folds, five candidates
Seasonal naive
16.4%
Smoothing
14.1%
Gradient boost
11.2%
Foundation
9.7%
Fine-tuned
10.1%