Zero-Shot Learning for Obsolescence Risk Forecasting

Abstract: Component obsolescence poses significant challenges in industries reliant on electronic components, causing increased costs and disruptions in the security and availability of systems. Accurate obsolescence risk prediction is essential but hindered by a lack of reliable data. This paper proposes a novel approach to forecasting obsolescence risk using zero-shot learning (ZSL) with LLMs to address data limitations by leveraging domain-specific knowledge from tabular datasets. Applied to two real-world datasets, the method demonstrates effective risk prediction. A comparative evaluation of four LLMs underscores the importance of selecting the right model for specific forecasting tasks.