Forecasting Time Series Data with Facebook Prophet

Prophet enables Python and R developers to build scalable time series forecasts. This book will help you to implement Prophet’s cutting-edge forecasting techniques to model future data with higher accuracy and with very few lines of code. You will begin by exploring the evolution of time series forecasting, from the basic early models to the advanced models of the present day. The book will demonstrate how to install and set up Prophet on your machine and build your first model with only a few lines of code. You'll then cover advanced features such as visualizing your forecasts, adding holidays, seasonality, and trend changepoints, handling outliers, and more, along with understanding why and how to modify each of the default parameters. Later chapters will show you how to optimize more complicated models with hyperparameter tuning and by adding additional regressors to the model. Finally, you'll learn how to run diagnostics to evaluate the performance of your models and see some useful features when running Prophet in production environments.
By the end of this Prophet book, you will be able to take a raw time series dataset and build advanced and accurate forecast models with concise, understandable, and repeatable code.

Type
ebook
Category
Data
publication date
2021-03-12
what you will learn

Gain an understanding of time series forecasting, including its history, development, and uses
Understand how to install Prophet and its dependencies
Build practical forecasting models from real datasets using Python
Understand the Fourier series and learn how it models seasonality
Decide when to use additive and when to use multiplicative seasonality
Discover how to identify and deal with outliers in time series data
Run diagnostics to evaluate and compare the performance of your models

no of pages
270
duration
540
key features
Learn how to use the open-source forecasting tool Facebook Prophet to improve your forecasts * Build a forecast and run diagnostics to understand forecast quality * Fine-tune models to achieve high performance, and report that performance with concrete statistics
approach
A hands-on approach to get up to speed and well-versed with Facebook Prophet to build, improve, and scale forecasting models.
audience
This book is for data scientists, data analysts, machine learning engineers, software engineers, project managers, and business managers who want to build time series forecasts in Python. Working knowledge of Python and a basic understanding of forecasting principles and practices will be useful to apply the concepts covered in this book more easily.
meta description
Create and improve high-quality automated forecasts for time series data that have strong seasonal effects, holidays, and additional regressors using Python
short description
This book will help you get to grips with the task of time series forecasting using the leading open source forecasting tool available to the public, Facebook Prophet. You will learn how to implement the advanced features of Prophet to build forecast models and understand why and how to modify each of the default parameters to improve results.
subtitle
Build, improve, and optimize time series forecasting models using the advanced forecasting tool
keywords
Prophet, time series, forecasting models, automated forecasts, time series models, time series data
Product ISBN
9781800568532