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Modern Time Series Forecasting with Python: Industry-ready machine learning and deep learning time series analysis with PyTorch and pandas
Purchase options and add-ons
Learn traditional and cutting-edge machine learning (ML) and deep learning techniques and best practices for time series forecasting, including global forecasting models, conformal prediction, and transformer architectures
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Key Features
- Apply ML and global models to improve forecasting accuracy through practical examples
- Enhance your time series toolkit by using deep learning models, including RNNs, transformers, and N-BEATS
- Learn probabilistic forecasting with conformal prediction, Monte Carlo dropout, and quantile regressions
Book Description
Predicting the future, whether it's market trends, energy demand, or website traffic, has never been more crucial. This practical, hands-on guide empowers you to build and deploy powerful time series forecasting models. Whether you’re working with traditional statistical methods or cutting-edge deep learning architectures, this book provides structured learning and best practices for both.
Starting with the basics, this data science book introduces fundamental time series concepts, such as ARIMA and exponential smoothing, before gradually progressing to advanced topics, such as machine learning for time series, deep neural networks, and transformers. As part of your fundamentals training, you’ll learn preprocessing, feature engineering, and model evaluation. As you progress, you’ll also explore global forecasting models, ensemble methods, and probabilistic forecasting techniques.
This new edition goes deeper into transformer architectures and probabilistic forecasting, including new content on the latest time series models, conformal prediction, and hierarchical forecasting. Whether you seek advanced deep learning insights or specialized architecture implementations, this edition provides practical strategies and new content to elevate your forecasting skills.
What you will learn
- Build machine learning models for regression-based time series forecasting
- Apply powerful feature engineering techniques to enhance prediction accuracy
- Tackle common challenges like non-stationarity and seasonality
- Combine multiple forecasts using ensembling and stacking for superior results
- Explore cutting-edge advancements in probabilistic forecasting and handle intermittent or sparse time series
- Evaluate and validate your forecasts using best practices and statistical metrics
Who this book is for
This book is ideal for data scientists, financial analysts, quantitative analysts, machine learning engineers, and researchers who need to model time-dependent data across industries, such as finance, energy, meteorology, risk analysis, and retail. Whether you are a professional looking to apply cutting-edge models to real-world problems or a student aiming to build a strong foundation in time series analysis and forecasting, this book will provide the tools and techniques you need. Familiarity with Python and basic machine learning concepts is recommended.
Table of Contents
- Introducing Time Series
- Acquiring and Processing Time Series Data
- Analyzing and Visualizing Time Series Data
- Setting a Strong Baseline Forecast
- Time Series Forecasting as Regression
- Feature Engineering for Time Series Forecasting
- Target Transformations for Time Series Forecasting
- Forecasting Time Series with Machine Learning Models
- Ensembling and Stacking
- Global Forecasting Models
- Introduction to Deep Learning
- Building Blocks of Deep Learning for Time Series
(N.B. Please use the Read Sample option to see further chapters)
- ISBN-101835883184
- ISBN-13978-1835883181
- Edition2nd ed.
- PublisherPackt Publishing
- Publication dateOctober 31, 2024
- LanguageEnglish
- Dimensions7.5 x 1.49 x 9.25 inches
- Print length658 pages
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| Customer Reviews |
4.3 out of 5 stars 46
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4.4 out of 5 stars 422
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4.9 out of 5 stars 47
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4.4 out of 5 stars 16
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| Topics | ML/DL techniques, global models, probabilistic forecasting, and transformers | Machine learning for trading strategies, model design, backtesting, and NLP | Future-focused pandas best practices, evolving idioms, analytical thinking, and improved recipes | Time series data preparation, exploratory analysis, statistical forecasting (Holt-Winters, SARIMA, VAR), anomaly detection, probabilistic models, and transformers |
| Technology Used | Python, ARIMA, RNNs, transformers, N-BEATS, and conformal prediction | pandas, TA-Lib, scikit-learn, SpaCy, Gensim, TensorFlow 2, Zipline, backtrader, and Alphalens | pandas library, Jupyter notebook, SQL-like operations in pandas, and data visualization | Python, Pandas, Polars, Sktime, statsmodels, StatsForecast, Darts, Prophet, TensorFlow, PyTorch, hvPlot |
| Target Audience | Data scientists, quantitative analysts, financial analysts, meteorologists, and risk analysts | Quantitative analysts, data analysts, data scientists, investment analysts, and portfolio managers | Those who want to stay up-to-date with advanced techniques, large datasets, and new features | Data analysts, business analysts, data scientists, data engineers, and Python developers working with time series data |
Editorial Reviews
Review
“Great to see Jeffrey Tackes joining forces with Manu Joseph to finally bring the book about forecasting by the people who are actually building large scale forecasting systems for real companies.”
Valeriy Manokhin, Head of Data Science, Author of Practical Guide to Applied Conformal Prediction
“Suffices to say, the first edition of this book is an absolute must-have—and now a second edition is on the way! The only thing I thought was missing from the first edition was coverage of probabilistic forecasting; well, this has now been remedied in the form of Chapter 17, which is over 60 pages long. [...] The authors discuss the latest progress in addressing the inherent exchangeability problem in time series data, and when I say latest progress, they even refer to research papers that are barely a few months old.”
Carl McBride Ellis, PhD, Predictive Analytics, Author of The Orange Book of Machine Learning
“Modern Time Series Forecasting with Python, 2nd Edition" by Manu Joseph and Jeffrey Tackes is a must-read for data scientists looking to master time series analysis. With a structured, logical progression, from classical statistical methods to machine learning, deep learning, and industrial-grade forecasting, this book fills knowledge gaps efficiently. The foreword by Christoph Bergmeir, a leading expert, reinforces its value as a go-to resource. A perfect blend of theory and practical implementation, this book is essential for anyone serious about time series forecasting.”
Luca Zavarella, Microsoft MVP for Data and AI Platform
About the Author
Manu Joseph is a self-made data scientist with more than a decade of experience working with many Fortune 500 companies enabling digital and AI transformations, specifically in machine learning-based demand forecasting. He is considered an expert, thought leader, and strong voice in the world of time series forecasting. Currently, Manu leads applied research at Thoucentric, where he advances research by bringing cutting-edge AI technologies to the industry. He is also an active open-source contributor and developed an open-source library—PyTorch Tabular—which makes deep learning for tabular data easy and accessible. Originally from Thiruvananthapuram, India, Manu currently resides in Bengaluru, India, with his wife and son
Jeff Tackes is a seasoned data scientist specializing in demand forecasting with over a decade of industry experience. Currently he is at Kraft Heinz, where he leads the research team in charge of demand forecasting. He has pioneered the development of best-in-class forecasting systems utilized by leading Fortune 500 companies. Jeff's approach combines a robust data-driven methodology with innovative strategies, enhancing forecasting models and business outcomes significantly. Leading cross-functional teams, Jeff has designed and implemented demand forecasting systems that have markedly improved forecast accuracy, inventory optimization, and customer satisfaction. His proficiency in statistical modeling, machine learning, and advanced analytics has led to the implementation of forecasting methodologies that consistently surpass industry norms. Jeff's strategic foresight and his capability to align forecasting initiatives with overarching business objectives have established him as a trusted advisor to senior executives and a prominent expert in the data science domain. Additionally, Jeff actively contributes to the open-source community, notably to PyTimeTK, where he develops tools that enhance time series analysis capabilities. He currently resides in Chicago, IL with his wife and son.
Product details
- ASIN : B0D6G3SHD6
- Publisher : Packt Publishing
- Publication date : October 31, 2024
- Edition : 2nd ed.
- Language : English
- Print length : 658 pages
- ISBN-10 : 1835883184
- ISBN-13 : 978-1835883181
- Item Weight : 2.46 pounds
- Dimensions : 7.5 x 1.49 x 9.25 inches
- Best Sellers Rank: #834,390 in Books (See Top 100 in Books)
- #44 in Stochastic Modeling
- #143 in Machine Theory (Books)
- #282 in Business Planning & Forecasting (Books)
- Customer Reviews:
About the author

Author, Data Scientist, and AI Innovator, Manu Joseph crafts compelling stories and cutting-edge solutions. With over a decade of cross-functional experience in Analytics, Software Engineering, and Supply Chain consulting, he is currently a Staff Data Scientist at Walmart Global Tech. A self-made data scientist, Manu has played a pivotal role in enabling digital and AI transformations for Fortune 500 companies, specializing in Machine Learning-based Demand Forecasting.
Beyond the world of algorithms and data, Manu is a storyteller, weaving intricate narratives in his debut psychological thriller, 'The Artist.' Originally from Trivandrum, India, he currently resides in Bangalore with his wife and son. As a blogger and speaker at AI/ML conferences, Manu shares insights into both the technical and creative realms, contributing to open-source projects like PyTorch Tabular and enhancing the NLTK library's Language Model section. Embrace the duality of his expertise—where data meets fiction and innovation meets imagination."
P.S. Not the award-winning author of 'Serious Men. While I didn't write 'Serious Men,' my "plots" are just as compelling – whether they're on data charts or novel pages.
















