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Forecasting Time Series Data with Prophet

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

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Product type Paperback
Published in Mar 2023
Publisher Packt
ISBN-13 9781837630417
Length 282 pages
Edition 2nd 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 (20) Chapters Close

Preface 1. Part 1: Getting Started with Prophet
2. Chapter 1: The History and Development of Time Series Forecasting FREE CHAPTER 3. Chapter 2: Getting Started with Prophet 4. Chapter 3: How Prophet Works 5. Part 2: Seasonality, Tuning, and Advanced Features
6. Chapter 4: Handling Non-Daily Data 7. Chapter 5: Working with Seasonality 8. Chapter 6: Forecasting Holiday Effects 9. Chapter 7: Controlling Growth Modes 10. Chapter 8: Influencing Trend Changepoints 11. Chapter 9: Including Additional Regressors 12. Chapter 10: Accounting for Outliers and Special Events 13. Chapter 11: Managing Uncertainty Intervals 14. Part 3: Diagnostics and Evaluation
15. Chapter 12: Performing Cross-Validation 16. Chapter 13: Evaluating Performance Metrics 17. Chapter 14: Productionalizing Prophet 18. Index 19. Other Books You May Enjoy

Summary

Seasonality truly is the heart of 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 the 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 again...

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