Building a Sales Forecasting System with Facebook Prophet
Introduction to Facebook Prophet In the realm of sales forecasting, accuracy is key, but it can be a daunting task, especially when dealing with complex and irregular data. This is where Facebook Prophet comes into play. Developed by Facebook’s research team, Prophet is a powerful and flexible forecasting tool designed to handle the intricacies of real-world data. Why Prophet? Prophet stands out for its ability to decompose time series data into several components such as trend, seasonality, and holidays, and then fit a model to each component....