Data Science - Time Series Forecasting with Facebook Prophet in Python - Prophet in Code: Fit, Forecast, Plot

Data Science - Time Series Forecasting with Facebook Prophet in Python - Prophet in Code: Fit, Forecast, Plot

Assessment

Interactive Video

Computers

10th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

The video tutorial explains how to use the Prophet library for time series forecasting. It covers data preparation, creating a Prophet instance, fitting the model, and making predictions. The tutorial also discusses analyzing forecast results, plotting forecasts, and refining the model by excluding days when the store is closed. Key components like trend, seasonality, and prediction intervals are explored, with a focus on improving model accuracy and interpretation.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the model handle predictions for days when the store is closed?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What changes were observed in the weekly component after excluding closed days from the data?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the impact of the Christmas holiday on the yearly component of the model?

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