Accurate forecasts for time series with seasonality.
2 months ago
As a business analyst, Prophet is my go-to for quick forecasting. It's incredibly easy to use—you don't need a deep statistical background. It handles seasonality and holidays automatically, and the output charts showing the trend, weekly, and yearly components are perfect for explaining results to stakeholders. It provides a solid baseline forecast in minutes.
7 months ago
Prophet is great for a first pass, but it struggles with highly irregular time series or when external regressors have a complex relationship with the target. I found I had to move to more traditional models like ARIMA or deep learning models (LSTMs) for higher accuracy on our core business metrics. It's a great tool in the toolbox, but not the only one.
9 months ago
The best part of Prophet is its ability to automatically detect changepoints where the trend suddenly changes. This helped us identify the exact month a competitor's marketing campaign started impacting our sales. The ability to manually add changepoints and holidays is also incredibly powerful. It's a very practical, business-focused forecasting tool.
