Pros and Cons of Using Facebook’s Prophet for Time Series Forecasting
When it comes to time series forecasting, Facebook’s Prophet has become a popular tool in the data science community. Designed for ease of use and flexibility, Prophet is particularly appealing to those who may not have extensive experience with traditional statistical models. However, like any tool, it has its strengths and weaknesses. Let’s explore the pros and cons of Prophet to help you decide if it’s the right choice for your forecasting needs. What is Facebook Prophet? Prophet is an…