Description: Time series forecasting is the process of predicting future values based on previously observed values in a time series context. This approach relies on the analysis of sequential data, where each data point is related to a specific time instance. The main features of time series forecasting include identifying patterns, trends, and seasonality in historical data, allowing for the construction of models that can extrapolate these behaviors into the future. The goal is to automate the model selection process, hyperparameter tuning, and validation, thus facilitating the implementation of advanced forecasting techniques without requiring deep technical knowledge from the user. The relevance of this technique lies in its ability to help organizations make informed decisions based on data, optimizing resources and improving strategic planning. Time series forecasting is applied in various fields, from economics and meteorology to healthcare and marketing, where anticipating future events can make a significant difference in competitiveness and operational efficiency.
