Prophet is a procedure for forecasting time series data based on an additive model where non-linear trends are fit with yearly, weekly, and daily seasonality, plus holiday effects . It works best with time series that have strong seasonal effects and several seasons of historical data.
Read moreWhat is DS and Y in Prophet?
The input to Prophet is always a dataframe with two columns: ds and y . The ds (datestamp) column should be of a format expected by Pandas, ideally YYYY-MM-DD for a date or YYYY-MM-DD HH:MM:SS for a timestamp. The y column must be numeric, and represents the measurement we wish to forecast.
Read moreIs Facebook Prophet a neural network?
As you can deduce from the name of the library, it’s pretty much good old Prophet on steroids, which in this particular case are Neural Networks .
Read moreHow does Facebook Prophet model work?
At its core, the Prophet procedure is an additive regression model with four main components: A piecewise linear or logistic growth curve trend. Prophet automatically detects changes in trends by selecting changepoints from the data. A yearly seasonal component modeled using Fourier series.
Read moreWhat is Facebook’s prophet?
In 2017, Facebook released Prophet, an open-source forecasting tool in Python and R . The demand for high-quality forecasts often outpaces the analysts producing them.
Read moreWhat is Prophet library?
Prophet is a procedure for forecasting time series data based on an additive model where non-linear trends are fit with yearly, weekly, and daily seasonality, plus holiday effects . It works best with time series that have strong seasonal effects and several seasons of historical data.
Read more