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_6

6. The ARIMA Model

Joos Korstanje¹  

(1)

Maisons Alfort, France

 

Having seen several building blocks of univariate time series, in this chapter, you’re going to see a model that combines even more of the time series components: the ARIMA model.

To keep track of the different building blocks, let’s get back to the table of time series components (Table 6-1) to see where the ARIMA model is at.

Table 6-1

The Building Blocks of Univariate Time Series

Name	Explanation	Chapter
AR	Autoregression	3
MA	Moving Average	4
ARMA	Combination of AR and MA models	5
ARIMA	Adding differencing (I) to the ARMA ...