Prophet’s advantage is that it requires less hyperparameter tuning as it is specifically designed to detect patterns in business time series. LSTM-based recurrent neural networks are probably the most powerful approach to learning from sequential data and time series are only a special case.
Read moreWhat does Facebook Prophet do?
What is Facebook Prophet and how does it work? Facebook Prophet is an open-source algorithm for generating time-series models that uses a few old ideas with some new twists . It is particularly good at modeling time series that have multiple seasonalities and doesn’t face some of the above drawbacks of other algorithms.19 Şub 2021
Read moreIs NeuralProphet better than Prophet?
However, with 910 and 1090 days of training data, NeuralProphet beats Prophet by a slim margin . And finally, with 1270 days or more of training data, Prophet surpasses NeuralProphet in accuracy. Here, NeuralProphet is better on smaller datasets, but Prophet is better with lots of training data.
Read moreHow good is Prophet?
It works best with time series that have strong seasonal effects and several seasons of historical data. Prophet is robust to missing data and shifts in the trend, and typically handles outliers well . Seasonal effects caused by human behavior: weekly, monthly and yearly cycles, dips and peaks on public holidays.
Read moreIs the Prophet reliable?
Prophet certainly is a good choice for producing quick accurate forecasts . It has intuitive parameters that can be tweaked by someone who has good domain knowledge but lacks technical skills in forecasting models.10 May 2018
Read moreWhat does Facebook Prophet use?
Linear Growth : This is the default setting for Prophet. It uses a set of piecewise linear equations with differing slopes between change points.19 Şub 2021
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