Description
Demonstrating the efficiency of pmdarima’s auto_arima() function compared to implementing a traditional ARIMA model.
Summary
- Efficient Time-Series Analysis Using Python’s Pmdarima Library What is Time-Series Analysis?
- A trend that has no set repetition over a certain time period.
- Next, I looked at our ACF/PACF plots using the differenced data to visualize the lags that will likely be influential when modeling the number of passengers.
- While the traditional ARIMA implementation requires one to perform differencing and plotting ACF and PACF plots, the Auto ARIMA model using pmdarima’s auto_arima() function is more efficient in determining the optimal p,d,q values.