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Modern Time Series Forecasting with Python

Modern Time Series Forecasting with Python - Second Edition

By : Manu Joseph, Jeffrey Tackes
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Modern Time Series Forecasting with Python

Modern Time Series Forecasting with Python

5 (2)
By: Manu Joseph, Jeffrey Tackes

Overview of this book

Predicting the future, whether it's market trends, energy demand, or website traffic, has never been more crucial. This practical, hands-on guide empowers you to build and deploy powerful time series forecasting models. Whether you’re working with traditional statistical methods or cutting-edge deep learning architectures, this book provides structured learning and best practices for both. Starting with the basics, this data science book introduces fundamental time series concepts, such as ARIMA and exponential smoothing, before gradually progressing to advanced topics, such as machine learning for time series, deep neural networks, and transformers. As part of your fundamentals training, you’ll learn preprocessing, feature engineering, and model evaluation. As you progress, you’ll also explore global forecasting models, ensemble methods, and probabilistic forecasting techniques. This new edition goes deeper into transformer architectures and probabilistic forecasting, including new content on the latest time series models, conformal prediction, and hierarchical forecasting. Whether you seek advanced deep learning insights or specialized architecture implementations, this edition provides practical strategies and new content to elevate your forecasting skills. *Email sign-up and proof of purchase required
Table of Contents (27 chapters)
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1
Part 1: Getting Familiar with Time Series
6
Part 2: Machine Learning for Time Series
13
Part 3: Deep Learning for Time Series
21
Part 4: Mechanics of Forecasting
25
Other Books You May Enjoy
26
Index

Standardized code to train and evaluate machine learning models

There are two main ingredients while training a machine learning model – data and the model itself. Therefore, to standardize the pipeline, we defined three configuration classes (FeatureConfig, MissingValueConfig, and ModelConfig) and another wrapper class (MLForecast) over scikit-learn-style estimators (.fit - .predict) to make the process smooth. Let’s look at each of them.

Notebook alert:

To follow along with the code, use the 01-Forecasting_with_ML.ipynb notebook in the Chapter08 folder and the code in the src folder.

FeatureConfig

FeatureConfig is a Python dataclass that defines a few key attributes and functions that are necessary while processing the data. For instance, continuous, categorical, and Boolean columns need separate kinds of preprocessing before being fed into the machine learning model. Let’s see what FeatureConfig holds:

  • date: A mandatory...
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