Book Image

Time Series Analysis with Python Cookbook

By : Tarek A. Atwan
Book Image

Time Series Analysis with Python Cookbook

By: Tarek A. Atwan

Overview of this book

Time series data is everywhere, available at a high frequency and volume. It is complex and can contain noise, irregularities, and multiple patterns, making it crucial to be well-versed with the techniques covered in this book for data preparation, analysis, and forecasting. This book covers practical techniques for working with time series data, starting with ingesting time series data from various sources and formats, whether in private cloud storage, relational databases, non-relational databases, or specialized time series databases such as InfluxDB. Next, you’ll learn strategies for handling missing data, dealing with time zones and custom business days, and detecting anomalies using intuitive statistical methods, followed by more advanced unsupervised ML models. The book will also explore forecasting using classical statistical models such as Holt-Winters, SARIMA, and VAR. The recipes will present practical techniques for handling non-stationary data, using power transforms, ACF and PACF plots, and decomposing time series data with multiple seasonal patterns. Later, you’ll work with ML and DL models using TensorFlow and PyTorch. Finally, you’ll learn how to evaluate, compare, optimize models, and more using the recipes covered in the book.
Table of Contents (18 chapters)

Working with date offsets

When working with time series, it is critical that you learn more about the data you are working with and how it relates to the problem you are attempting to solve. For example, when working with manufacturing or sales data, you cannot assume that an organization's working day is Monday to Friday or whether it uses the standard calendar year or fiscal year. You should also consider understanding any holiday schedule, annual shutdowns, and other matters related to the business operation.

This is where offsets can be handy. They can help transform your dates into something more meaningful and relatable to a business. They can also help correct data entries that may not be logical.

We will work through a hypothetical example in this recipe and see how to leverage pandas offsets.

How to do it…

In this recipe, you will generate a time-series DataFrame to represent some daily logs of production quantity. The company, a US-based firm, would...