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Machine Learning for Time Series with Python

Machine Learning for Time Series with Python - Second Edition

By : Ben Auffarth
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Machine Learning for Time Series with Python

Machine Learning for Time Series with Python

By: Ben Auffarth

Overview of this book

The Python ecosystem offers a wide range of tools for time series analysis and time series forecasting. Machine Learning for Time Series, Second Edition provides a practical guide to building forecasting systems while developing a solid understanding of modern predictive modeling techniques. Starting with the fundamentals of time series data, you'll learn how to prepare datasets, perform feature engineering, and build forecasting pipelines. The book covers traditional methods such as ARIMA, SARIMA, and GARCH, alongside machine learning approaches including gradient boosting, recurrent neural networks, and deep learning models. Through practical examples and clear explanations, you'll learn how to choose the right model for the right problem and improve forecasting accuracy across multiple applications. Updated content includes forecasting and signal extraction for financial markets, plus case studies from operations management, digital marketing, healthcare, and financial forecasting. By the end of this book, you'll be able to confidently perform time series analysis and build effective forecasting systems using Python.
Table of Contents (7 chapters)
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Multivariate models

In December 2011, Best Buy canceled thousands of online holiday orders hours before Christmas. The company blamed overwhelming demand from Black Friday promotions. The real culprit was a forecasting system that treated sales as an isolated time series, unable to connect planned promotions to inventory needs. This single failure mode, ignoring correlations between variables, costs global retailers an estimated $1.8 trillion annually in stockouts and lost sales.

The energy sector faces an equally dangerous version of this problem. In August 2020, California's grid operators ordered rolling blackouts affecting millions of residents. Their forecasting models had overestimated solar generation during evening peak demand. As the sun set during a heatwave, solar output plummeted while air conditioning demand remained high. The models failed to capture the critical negative correlation between solar availability and evening load during extreme weather events.

Both these...

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