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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
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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

Chapter 2: Getting Started with Facebook Prophet

Prophet is an open source piece of software, which means that the entirety of the underlying code is freely available to anyone to inspect and modify. This gives Prophet a great deal of power as any user can add features or fix bugs, but it also has its downsides. Many closed source software packages, such as Microsoft Word or Tableau, come packaged in their own independent installation file with a neat graphical user interface to not only walk users through installation but also enable them to interact with the software once it's installed.

Prophet, in contrast, is accessed through either the Python or R programming languages and depends upon many additional open source libraries. This gives it great flexibility as users can tweak features or even add entirely new ones to suit their specific problem, but it comes with the downside of potentially difficult usability. That's what this book aims to simplify.

In this chapter...

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