CHAPTER 10
TIME-SERIES ANALYSIS AND FORECASTING WITH THE FB PROPHET LIBRARY
INTRODUCTION
This chapter explores the domain of time-series analysis and forecasting within Facebook’s (FB’s) Prophet library, a valuable and easy forecasting tool. It begins by laying down foundational concepts of the Prophet library, tailored specifically for time-series analysis. The chapter then introduces and thoroughly discusses FB Prophet’s simple and advanced functionalities, covering its development, primary objectives, and practical applications. We will guide you step by step through developing, evaluating, fine-tuning, cross-validating, and hyperparameter tuning the forecasting models using Prophet. This chapter is a crucial link, connecting earlier chapters’ ...
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