Issue #42 - Time Series Forecasting with STL
💊 Pill of the week
Time to come back to Time Series forecasting! This time we introduce STL, which stands for “Seasonal and Trend decomposition using LOESS”. It is a simple approach based on decomposing the Time Series data and then forecasting the trend using a model like ARIMA or Exponential Smoothing and adding the extracted seasonality back. You can find the article here:
👨💻You can find a Jupyter Notebook at the end of the newsletter for you to play with your data!
In a previous issue, we shared how to forecast time series data using SARIMA (a version of ARIMA that also has the power to forecast the seasonal component). If you want to use ARIMA in STL, you can just deactivate the seasonal parameter.
Check my 𝕏 post about Seasonal Decompose and STL:
Also, bear in mind that this method can handle seasonality, not cyclicity! Check this post to find out about their differences:
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🤖 Tech Round-Up
This week's TechRoundUp comes full of AI news. From Apple’s new approach towards AI to Baidu’s version of ChatGPT, the future is zooming towards us! 🚀
No time to check the news this week?
Then you better stay with me! 🤓
Let's dive into the latest Tech highlights you probably missed this week 💥
1️⃣ 𝗔𝗽𝗽𝗹𝗲 𝗦𝗺𝗮𝗿𝘁 𝗗𝗲𝘃𝗶𝗰𝗲𝘀 🍏
Apple's getting smarter!
Their latest update is transforming smart devices into geniuses. Imagine your gadgets predicting needs before you even voice them! 🤖📱
It's not just smart; it's future-ready!
2️⃣ 𝗚𝗶𝘁𝗛𝘂𝗯 𝗖𝗼𝗽𝗶𝗹𝗼𝘁- Now for everyone 👨💻
GitHub's Copilot Chat is now open to everyone.
Ask any coding query, and get expert-level answers.
It's like having a coding mentor at your fingertips.
Coding just got a whole lot easier!
Giga ML is revolutionizing AI with offline Large Language Models.
Now, companies can harness AI power without always being online. A giant leap for privacy and accessibility in AI!
4️⃣ 𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝘃𝗲 𝗔𝗜 𝗮𝗻𝗱 𝗗𝗲𝗺𝗼𝗰𝗿𝗮𝗰𝘆
Generative AI is stirring debates.
While it's a tech marvel, it also poses risks to democracy.
How do we balance innovation with ethical concerns?
A critical conversation for our times.
5️⃣ 𝗕𝗮𝗶𝗱𝘂'𝘀 𝗘𝗿𝗻𝗶𝗲 𝗕𝗼𝘁 🌐
Baidu's Ernie Bot is soaring with over 100 million users! It's like ChatGPT, but with a unique twist.
Witnessing the global AI race heating up with every innovation.
🪐Get the code!
Here you have the code to play with your data:
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