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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

Specifying custom changepoint locations

James Rodríguez is a Colombian soccer player who played in both the 2014 and 2018 World Cups. He was a standout player in both World Cups but won the Golden Boot award in 2014 for scoring more goals than any other player in the competition. I chose his account because it exhibits some very interesting behavior that would be extremely difficult to model without changepoints:

Figure 8.10 – James Rodríguez’s Instagram likes per day

Figure 8.10 – James Rodríguez’s Instagram likes per day

The number of likes his Instagram posts get is gradually increasing over time, but there have been two notable spikes, in the summers of 2014 and 2018 when he was playing in the World Cup. It is clear that the spike in 2014 resulted in a significant trend change. The number of likes that his posts were getting increased dramatically during the World Cup and dropped afterward, but not to the same baseline as before. He gained a large number of new followers during this...

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