Prophet: Forecasting at Scale @ Facebook

research.fb.com

Major new release from Facebook Research:

Today Facebook is open sourcing Prophet, a forecasting tool available in Python and R. Forecasting is a data science task that is central to many activities within an organization. For instance, large organizations like Facebook must engage in capacity planning to efficiently allocate scarce resources and goal setting in order to measure performance relative to a baseline.
Producing high quality forecasts is not an easy problem for either machines or for most analysts. [And such,] demand for high quality forecasts often far outstrips the pace at which analysts can produce them. This observation is the motivation for our work building Prophet: we want to make it easier for experts and non-experts to make high quality forecasts that keep up with demand.

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