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Prophet vs SARIMA — Time Series Forecasting

After writing an article on Prophet and SARIMA each, I thought that it would be interesting to compare the projections by building both models on the same dataset. In this post, I will try to forecast U.S. industrial production index — an economic indicator that measures real output for all facilities located in the United States manufacturing, mining, and electric, and gas utilities. The output from the two models will be compared using R-squared value (correlation strength) and mean absolute error (the average magnitude of the errors in a set of predictions) and root mean…

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Rishabh Sharma

Rishabh Sharma

Writer, Volunteer Tutor — P.A.L.S.