Hello everyone,
can anyone answer this question in the title? Is prophet some kind of Machine Learning algorithm? I am not an expert in modern forecasting algorithm and the field of Machine Learning but i would be really happy if anyone could answer this question or can give some opinions and reasons why Prophet is or is not a Machine Learning algorithm.
Thank you in advance!
In the generic sense of using data to fit a model and make predictions, then I'd say that Prophet is a type of machine learning algorithm. Especially if you consider regularized regression like elastic net to be machine learning. But I'm not sure ML has a very precise definition, see also #583.
prophet is indeed machine learning. on its own it is an algorithm that generates no value. combine it with data and you have something that can predict the future.
I think it would pass all reasonable definitions of ML that you could come up with. Right alongside a linear regression.
Also: not sure if this is a relevant forum for the question. Probably something like the stats stackexchange would be a better place to ask.
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prophet is indeed machine learning. on its own it is an algorithm that generates no value. combine it with data and you have something that can predict the future.
I think it would pass all reasonable definitions of ML that you could come up with. Right alongside a linear regression.
Also: not sure if this is a relevant forum for the question. Probably something like the stats stackexchange would be a better place to ask.