The tools we have seen so far for modeling time series data are very general and flexible methods, but they require some knowledge of time series analysis in order to be set up. The analysis needed to construct a good model that can be used to make reasonable predictions into the future can be intensive and time-consuming, and may not be viable for your application. The Prophet library is designed to automatically model time series data quickly, without the need for input from the user, and make predictions into the future.
In this recipe, we will learn how to use Prophet to produce forecasts from a sample time series.
Getting ready
For this recipe, we will need the Pandas package imported as pd, the Matplotlib pyplot package imported as plt, and the Prophet object from the Prophet library, which can be imported using the following command:
from fbprophet import ProphetWe also need to import...
Germany
Slovakia
Canada
Brazil
Singapore
Hungary
Philippines
Mexico
Thailand
Ukraine
Luxembourg
Estonia
Lithuania
Norway
Chile
United States
Great Britain
India
Spain
South Korea
Ecuador
Colombia
Taiwan
Switzerland
Indonesia
Cyprus
Denmark
Finland
Poland
Malta
Czechia
New Zealand
Austria
Turkey
France
Sweden
Italy
Egypt
Belgium
Portugal
Slovenia
Ireland
Romania
Greece
Argentina
Malaysia
South Africa
Netherlands
Bulgaria
Latvia
Australia
Japan
Russia