Facebook Prophet

Prophet is a forecasting procedure designed for time series data. It supports R and Python, providing automated forecasts that can be customized.

Key Features

• Automatic handling of missing data
• Robust to outliers
• Supports seasonal effects
• Flexible modeling of holidays
• User-friendly interface for tuning

Pros

• Fast and efficient forecasting
• Open-source and free to use
• Customizable for various needs
• Suitable for both beginners and experienced users

Cons

• Limited advanced features compared to paid tools
• May require tuning for optimal performance
• Steeper learning curve for complex datasets
• Documentation can be sparse for specific use cases