Book Image

Time Series Analysis with Python Cookbook

By : Tarek A. Atwan
Book Image

Time Series Analysis with Python Cookbook

By: Tarek A. Atwan

Overview of this book

Time series data is everywhere, available at a high frequency and volume. It is complex and can contain noise, irregularities, and multiple patterns, making it crucial to be well-versed with the techniques covered in this book for data preparation, analysis, and forecasting. This book covers practical techniques for working with time series data, starting with ingesting time series data from various sources and formats, whether in private cloud storage, relational databases, non-relational databases, or specialized time series databases such as InfluxDB. Next, you’ll learn strategies for handling missing data, dealing with time zones and custom business days, and detecting anomalies using intuitive statistical methods, followed by more advanced unsupervised ML models. The book will also explore forecasting using classical statistical models such as Holt-Winters, SARIMA, and VAR. The recipes will present practical techniques for handling non-stationary data, using power transforms, ACF and PACF plots, and decomposing time series data with multiple seasonal patterns. Later, you’ll work with ML and DL models using TensorFlow and PyTorch. Finally, you’ll learn how to evaluate, compare, optimize models, and more using the recipes covered in the book.
Table of Contents (18 chapters)

Technical requirements

In this chapter, you will be using the Hourly Energy Consumption data from Kaggle (https://www.kaggle.com/datasets/robikscube/hourly-energy-consumption). Throughout the chapter, you will be working with the same energy dataset to observe how the different techniques compare.

The ZIP folder contains 13 CSV files, which are available in this book's GitHub repository and can be found here: https://github.com/PacktPublishing/Time-Series-Analysis-with-Python-Cookbook./tree/main/datasets/Ch15.

The recipes of this chapter will use one of these files, but feel free to explore the other ones. The files represent hourly energy consumption measured in megawatts (MW).

Start by loading the data as a pandas DataFrame and prepare the data for the recipes. You will also load the shared libraries used throughout the chapter:

import pandas as pd
import numpy as np
import matplotlib.pyplot as plt
from pathlib import Path
from statsmodels.tools.eval_measures...