Prophet
An automatic forecasting procedure for time series data with multiple seasonality and linear or non-linear growth.
What is Prophet?
Prophet is an open-source forecasting library for time series data developed by Facebook. It uses an additive model to decompose data into trend, seasonal, and holiday components, enabling accurate predictions even with messy, real-world datasets. The tool is designed to handle multiple seasonality patterns and non-linear growth, making it particularly useful for business forecasting, demand planning, and research applications.
Data scientists, analysts, and developers who need to generate reliable forecasts from time series data, especially those working with business metrics, economic indicators, or any data exhibiting strong seasonal patterns.
Prophet stands out for its ease of use, robustness to data imperfections, and automatic handling of complex seasonality and holiday effects. Unlike many statistical forecasting tools, it requires minimal configuration and provides interpretable results, making advanced forecasting accessible without deep expertise in time series analysis.
Overview
Tool for producing high quality forecasts for time series data that has multiple seasonality with linear or non-linear growth.
Use Cases
Best For
- Forecasting business metrics like sales, revenue, or website traffic
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