Sign In Start Free Trial
Account

Add to playlist

Create a Playlist

Modal Close icon
You need to login to use this feature.
  • Book Overview & Buying Forecasting Time Series Data with Prophet
  • Table Of Contents Toc
Forecasting Time Series Data with Prophet

Forecasting Time Series Data with Prophet - Second Edition

By : Greg Rafferty
4.9 (9)
close
close
Forecasting Time Series Data with Prophet

Forecasting Time Series Data with Prophet

4.9 (9)
By: Greg Rafferty

Overview of this book

Forecasting Time Series Data with Prophet will help you to implement Prophet's cutting-edge forecasting techniques to model future data with high accuracy using only a few lines of code. This second edition has been fully revised with every update to the Prophet package since the first edition was published two years ago. An entirely new chapter is also included, diving into the mathematical equations behind Prophet's models. Additionally, the book contains new sections on forecasting during shocks such as COVID, creating custom trend modes from scratch, and a discussion of recent developments in the open-source forecasting community. You'll cover advanced features such as visualizing forecasts, adding holidays and trend changepoints, and handling outliers. You'll use the Fourier series to model seasonality, learn how to choose between an additive and multiplicative model, and understand when to modify each model parameter. Later, you'll see 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 in production. By the end of this book, you'll be able to take a raw time series dataset and build advanced and accurate forecasting models with concise, understandable, and repeatable code.
Table of Contents (20 chapters)
close
close
1
Part 1: Getting Started with Prophet
5
Part 2: Seasonality, Tuning, and Advanced Features
14
Part 3: Diagnostics and Evaluation

Summary

In this chapter, you learned a generalized method to add any additional regressors beyond the holidays, which you learned how to add earlier. You learned that adding both binary regressors (such as weather conditions) and continuous regressors (such as temperature) uses the same add_regressor method. You also learned how to use the regressor_coefficients function in Prophet’s utilities package to inspect the effects of your additional regressors.

Although you may now want to add all sorts of extra regressors to your forecasts, you also learned that Prophet requires all additional regressors to have defined values going into the future or else there’s no information to inform a forecast. This is why we only forecasted 2 weeks out when using weather data.

In the next chapter, we are going to look at how Prophet handles outliers and how you can exert greater control over the process yourself.

CONTINUE READING
83
Tech Concepts
36
Programming languages
73
Tech Tools
Icon Unlimited access to the largest independent learning library in tech of over 8,000 expert-authored tech books and videos.
Icon Innovative learning tools, including AI book assistants, code context explainers, and text-to-speech.
Icon 50+ new titles added per month and exclusive early access to books as they are being written.
Forecasting Time Series Data with Prophet
notes
bookmark Notes and Bookmarks search Search in title playlist Add to playlist download Download options font-size Font size

Change the font size

margin-width Margin width

Change margin width

day-mode Day/Sepia/Night Modes

Change background colour

Close icon Search
Country selected

Close icon Your notes and bookmarks

Confirmation

Modal Close icon
claim successful

Buy this book with your credits?

Modal Close icon
Are you sure you want to buy this book with one of your credits?
Close
YES, BUY

Submit Your Feedback

Modal Close icon
Modal Close icon
Modal Close icon