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Forecasting Time Series Data with Facebook Prophet

You're reading from   Forecasting Time Series Data with Facebook Prophet Build, improve, and optimize time series forecasting models using the advanced forecasting tool

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Product type Paperback
Published in Mar 2021
Publisher Packt
ISBN-13 9781800568532
Length 270 pages
Edition 1st Edition
Languages
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Author (1):
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Greg Rafferty Greg Rafferty
Author Profile Icon Greg Rafferty
Greg Rafferty
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Table of Contents (18) Chapters Close

Preface 1. Section 1: Getting Started
2. Chapter 1: The History and Development of Time Series Forecasting FREE CHAPTER 3. Chapter 2: Getting Started with Facebook Prophet 4. Section 2: Seasonality, Tuning, and Advanced Features
5. Chapter 3: Non-Daily Data 6. Chapter 4: Seasonality 7. Chapter 5: Holidays 8. Chapter 6: Growth Modes 9. Chapter 7: Trend Changepoints 10. Chapter 8: Additional Regressors 11. Chapter 9: Outliers and Special Events 12. Chapter 10: Uncertainty Intervals 13. Section 3: Diagnostics and Evaluation
14. Chapter 11: Cross-Validation 15. Chapter 12: Performance Metrics 16. Chapter 13: Productionalizing Prophet 17. Other Books You May Enjoy

Summary

Seasonality truly is the heart of Facebook Prophet. This chapter covered a lot of ground; the foundations you learned here will be used throughout the remaining chapters of this book. Indeed, almost any model you build in Prophet will have seasonality considerations, whereas many of the upcoming chapters cover special cases that may or may not apply to your specific problem.

You started this chapter by learning the difference between additive and multiplicative seasonality, and how to identify whether your dataset features one or the other. We then briefly discussed Fourier series and demonstrated how a partial Fourier sum can build a very complex periodic curve. Using these ideas, you learned how setting the Fourier order of a seasonality can be used to control its shape by allowing either more or less freedom to bend along its path.

Next, you modeled the 11-year cycle of sunspots and learned how to add custom seasonalities. These custom seasonalities came into use...

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