Advanced Forecasting with Python: With State-of-the-Art-Models Including LSTMs, Facebook’s Prophet, and Amazon’s DeepAR

© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2021

J. KorstanjeAdvanced Forecasting with Pythonhttps://doi.org/10.1007/978-1-4842-7150-6_19

19. The Prophet Model

Joos Korstanje¹  

(1)

Maisons Alfort, France

 

In this chapter, you’ll discover the Prophet model, which was open sourced by Facebook. It is not exactly a model, but rather an automated procedure for building forecasting models.

You’ll notice that there is a big difference in working with this model than with Keras, as the Prophet model does a lot of the work for you. It has a much higher level of user-friendliness: it does not require any theory to get started, as opposed to the previous chapters.

A disadvantage of this can be that you do have fewer possibilities ...