Book Image

Hands-On Time Series Analysis with R

By : Rami Krispin
Book Image

Hands-On Time Series Analysis with R

By: Rami Krispin

Overview of this book

Time-series analysis is the art of extracting meaningful insights from, and revealing patterns in, time-series data using statistical and data visualization approaches. These insights and patterns can then be utilized to explore past events and forecast future values in the series. This book explores the basics of time-series analysis with R and lays the foundation you need to build forecasting models. You will learn how to preprocess raw time-series data and clean and manipulate data with packages such as stats, lubridate, xts, and zoo. You will analyze data using both descriptive statistics and rich data visualization tools in R including the TSstudio, plotly, and ggplot2 packages. The book then delves into traditional forecasting models such as time-series linear regression, exponential smoothing (Holt, Holt-Winter, and more) and Auto-Regressive Integrated Moving Average (ARIMA) models with the stats and forecast packages. You'll also work on advanced time-series regression models with machine learning algorithms such as random forest and Gradient Boosting Machine using the h2o package. By the end of this book, you will have developed the skills necessary for exploring your data, identifying patterns, and building a forecasting model using various traditional and machine learning methods.
Table of Contents (14 chapters)

Summary

In this chapter, we introduced the applications of ML models for forecasting time series data. Before we jumped into the modeling part, we looked at the usage of the major concepts we've learned about throughout this book. We started with an exploratory analysis of the US vehicle sales series using seasonality and correlation analysis. The insights from this process allowed us to build new features, which we then used as inputs for the ML models. Furthermore, we looked at the advantages of the grid search for tuning and optimizing ML models. Last but not least, we introduced the AutoML model from the h2o package in order to complete the automation, tuning, and optimization processes for ML models.

With that, I hope you have enjoyed the learning journey that we have been on throughout this book!