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Codeless Time Series Analysis with KNIME

Codeless Time Series Analysis with KNIME

By : KNIME AG , Corey Weisinger, Maarit Widmann, Daniele Tonini
4.8 (10)
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Codeless Time Series Analysis with KNIME

Codeless Time Series Analysis with KNIME

4.8 (10)
By: KNIME AG , Corey Weisinger, Maarit Widmann, Daniele Tonini

Overview of this book

This book will take you on a practical journey, teaching you how to implement solutions for many use cases involving time series analysis techniques. This learning journey is organized in a crescendo of difficulty, starting from the easiest yet effective techniques applied to weather forecasting, then introducing ARIMA and its variations, moving on to machine learning for audio signal classification, training deep learning architectures to predict glucose levels and electrical energy demand, and ending with an approach to anomaly detection in IoT. There’s no time series analysis book without a solution for stock price predictions and you’ll find this use case at the end of the book, together with a few more demand prediction use cases that rely on the integration of KNIME Analytics Platform and other external tools. By the end of this time series book, you’ll have learned about popular time series analysis techniques and algorithms, KNIME Analytics Platform, its time series extension, and how to apply both to common use cases.
Table of Contents (20 chapters)
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1
Part 1: Time Series Basics and KNIME Analytics Platform
7
Part 2: Building and Deploying a Forecasting Model
14
Part 3: Forecasting on Mixed Platforms

Introducing the stock price prediction problem

Before we move on to the implementation of the application, we'll introduce what the stock price prediction problem is and what its challenges are.

Stock price prediction covers the practices – qualitative and quantitative – to predict the future value of a financial instrument traded on an exchange. The financial instruments are, for example, shares of publicly held companies whose prices change in real time and securities with a price not changing in real time. An exchange refers to a marketplace for buying and selling these instruments. The same stock market can contain multiple exchanges, such as the New York Stock Exchange (NYSE) and National Association of Securities Dealers Automated Quotation (NASDAQ) systems in the US stock market.

Qualitative prediction can refer to the evaluation of the business model, for example, and not necessarily on measurable data. Quantitative prediction instead relies only on...

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