Book Image

Codeless Time Series Analysis with KNIME

By : KNIME AG, Corey Weisinger, Maarit Widmann, Daniele Tonini
Book Image

Codeless Time Series Analysis with KNIME

By: KNIME AG, Corey Weisinger, Maarit Widmann, Daniele Tonini

Overview of this book

This book will take you on a practical journey, teaching you how to implement solutions for many use cases involving time series analysis techniques. This learning journey is organized in a crescendo of difficulty, starting from the easiest yet effective techniques applied to weather forecasting, then introducing ARIMA and its variations, moving on to machine learning for audio signal classification, training deep learning architectures to predict glucose levels and electrical energy demand, and ending with an approach to anomaly detection in IoT. There’s no time series analysis book without a solution for stock price predictions and you’ll find this use case at the end of the book, together with a few more demand prediction use cases that rely on the integration of KNIME Analytics Platform and other external tools. By the end of this time series book, you’ll have learned about popular time series analysis techniques and algorithms, KNIME Analytics Platform, its time series extension, and how to apply both to common use cases.
Table of Contents (20 chapters)
1
Part 1: Time Series Basics and KNIME Analytics Platform
7
Part 2: Building and Deploying a Forecasting Model
14
Part 3: Forecasting on Mixed Platforms

Summary

In this chapter, we introduced TSA, starting by defining what a time series is and then providing some examples of series taken from various contexts and industries. Next, we focused on the goals that are typically related to TSA and also provided some examples of applications in real-world scenarios. Finally, we covered a brief review of the main forecasting methods, providing a taxonomy of methodologies and generally describing the characteristics of the main models, from the most classic to the most modern.

In this chapter, the basic concepts provided are of great importance for approaching the subsequent chapters of the book in a structured way, having the concepts of time series and forecasting clear in your head.

In the next chapter, we’ll cover the basic concepts of KNIME Analytics Platform and its time series integration, introducing the software and showing a first workflow example.