Perform Ultra-Fast Time Series Analysis To Empower Your Apps
Analyzing time series can be a heavy burden for your apps. The calculations involved can vary from reasonably simple to mind-numbingly complex and doing it the wrong way can bring even a desktop machine to its knees. We’re going to show you five different ways to perform high-performance analysis on a time series to truly add enterprise-grade power to your apps in a scalable, responsive way. What is Time Series Analysis? Time Series is an ordered sequence of data points which spread over a period of time. Thus it is a sequence of discrete-time data. The Time Series Data is monitored over constant temporal intervals. This data can be in any measurable and quantifiable parameter related to the field of business, science, finance, etc (for example: Heights of ocean tides, counts of sunspots, the daily closing value of the Dow Jones Industrial Average, etc.). Time Series Analysis refers to identification of the common patterns displayed by the data over a period of time. For these tasks, experts employ specific methods to study the data’s characteristics and extract meaningful statistics that eventually aid in forecasting. Time Series Analysis is beneficial and commonly used for Economic Forecasting, Yield Projection, Inventory Studies, Census Analysis, Sales Forecasting, Stock Market Analysis, Budgetary Analysis, etc. Why use Python for Time Series Analysis? Python is a general-purpose interpreted programming language (unlike R or Matlab). Easy to learn and use primarily because it focuses on readability. It is a popular language in general, consistently appearing in the top 10 programming languages in surveys on StackOverflow (for example, the 2015 survey results). Python is a dynamic language and very suited to interactive development and quick prototyping with the power to support the development of large applications. Python is also widely used for Machine Learning and Data Science because of the excellent library support (in this post, you will learn how to implement Machine Learning for Time Series tasks). It means that you can perform your research and development (figuring out what models to use) in the same programming language that you use in productions, greatly simplifying the transition from development to production. Read more here, for Why use Python for Scientific Computing: Delphi adds Powerful GUI Features and Functionalities to Python In this tutorial, we’ll build Windows Apps with extensive Time Series Analysis capabilities by integrating Python’s Computer Vision libraries with Embarcadero’s Delphi, using Python4Delphi (P4D). P4D empowers Python users with Delphi’s award-winning VCL functionalities for Windows which enables us to build native Windows apps 5x faster. This integration enables us to create a modern GUI with Windows 10 looks and responsive controls for our Python Computer Vision applications. Python4Delphi also comes with an extensive range of demos, use cases, and tutorials. We’re going to cover the following… How to use PyDSE, statsmodels, sktime, Nitime, and tslearn Python libraries to perform Time Series Analysis All of them would be integrated with Python4Delphi to create Windows Apps with Time Series Analysis capabilities. What do I need to perform time series analysis? Before we begin to work, download and install the latest Python for your platform. Follow the Python4Delphi installation instructions mentioned here. Alternatively, you can check out the easy instructions found in the Getting Started With Python4Delphi video by Jim McKeeth. Time to get Started! First, open and run our […]
