Introduction to Machine Learning with Time Series

Time series are ubiquitous in real-world applications, but often add considerable complications to data science workflows. What’s more, most available machine learning toolboxes (e.g. scikit-learn) are limited to the tabular setting, and cannot easily be applied to time series data.

In this tutorial, you’ll learn how to apply common machine learning techniques to time series and how to extend available toolkits. This is a beginner-friendly tutorial: we assume familiarity with scikit-learn, but no prior experience with time series.

To start, you’ll learn how to distinguish between different kinds of temporal data and associated learning tasks, such as forecasting and time series classification. You’ll then learn how to solve these tasks with machine learning techniques specific to time series data, including:

State-of-the-art algorithms for time series classification and regression, Reduction strategies, i.e. solving a complex learning tasks by decomposing it into simpler tasks, e.g. solving forecasting via regression, Composite strategies like ensembling and pipelining, as well as data transformations like detrending and feature extraction. We’ll work through all of them step by step and make use of interactive Jupyter notebooks and sktime, a new scikit-learn compatible toolbox for machine learning with time series: https://github.com/alan-turing-institute/sktime

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Applications of machine learning in different industry domains

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Transportation industry

Machine learning is one of the technologies that have already begun their promising marks in the transportation industry.Autonomous Vehicles,Smartphone Apps,Traffic Management Solutions,Law Enforcement,Passenger Transportation etc are the applications of AI and ML in the transportation industry.Following challenges in the transportation industry can be solved by machine learning and Artificial Intelligence.

• ML and AI can offer high security in the transportation industry.
• It offers high reliability of their services or vehicles.
• The adoption of this technology in the transportation industry can increase the efficiency of the service.
• In the transportation industry ML helps scientists and engineers come up with far more environmentally sustainable methods for powering and operating vehicles and machinery for travel and transport.

Healthcare industry

Technology-enabled smart healthcare is the latest trend in the healthcare industry. Different areas of healthcare, such as patient care, medical records, billing, alternative models of staffing, IP capitalization, smart healthcare, and administrative and supply cost reduction. Hire dedicated machine learning developers for any of the following applications.

• Identifying Diseases and Diagnosis
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• Better Radiotherapy
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• Outbreak Prediction

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Finance industry**

In financial industries organizations like banks, fintech, regulators and insurance are Adopting machine learning to improve their facilities.Following are the use cases of machine learning in finance.

• Fraud prevention
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• Investment predictions
• Customer service
• Digital assistants
• Marketing
• Network security
• Loan underwriting
• Algorithmic trading
• Process automation
• Document interpretation
• Content creation
• Trade settlements
• Money-laundering prevention
• Custom machine learning solutions

Education industry

Education industry is one of the industries which is investing in machine learning as it offers more efficient and easierlearning.AdaptiveLearning,IncreasingEfficiency,Learning Analytics,Predictive Analytics,Personalized Learning,Evaluating Assessments etc are the applications of machine learning in the education industry.

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Future of machine learning
Continuous technological advances are bound to hit the field of machine learning, which will shape the future of machine learning as an intensively evolving language.

• Improved Unsupervised Algorithms
• Increased Adoption of Quantum Computing
• Enhanced Personalization
• Improved Cognitive Services
• Rise of Robots

**Conclusion
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Today most of the business from different industries are hire machine learning developers in India and achieve their business goals. This technology may have multiple applications, and, interestingly, it hasn’t even started yet but having taken such a massive leap, it also opens up so many possibilities in the existing business models in such a short period of time. There is no question that the increase of machine learning also brings the demand for mobile apps, so most companies and agencies employ Android developers and hire iOS developers to incorporate machine learning features into them.

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Hire Machine Learning Developer | Hire ML Experts in India

Machine learning applications are a staple of modern business in this digital age as they allow them to perform tasks on a scale and scope previously impossible to accomplish.Businesses from different domains realize the importance of incorporating machine learning in business processes.Today this trending technology transforming almost every single industry ,business from different industry domains hire dedicated machine learning developers for skyrocket the business growth.Following are the applications of machine learning in different industry domains.

Transportation industry

Machine learning is one of the technologies that have already begun their promising marks in the transportation industry.Autonomous Vehicles,Smartphone Apps,Traffic Management Solutions,Law Enforcement,Passenger Transportation etc are the applications of AI and ML in the transportation industry.Following challenges in the transportation industry can be solved by machine learning and Artificial Intelligence.

• ML and AI can offer high security in the transportation industry.
• It offers high reliability of their services or vehicles.
• The adoption of this technology in the transportation industry can increase the efficiency of the service.
• In the transportation industry ML helps scientists and engineers come up with far more environmentally sustainable methods for powering and operating vehicles and machinery for travel and transport.

Healthcare industry

Technology-enabled smart healthcare is the latest trend in the healthcare industry. Different areas of healthcare, such as patient care, medical records, billing, alternative models of staffing, IP capitalization, smart healthcare, and administrative and supply cost reduction. Hire dedicated machine learning developers for any of the following applications.

• Identifying Diseases and Diagnosis
• Drug Discovery and Manufacturing
• Medical Imaging Diagnosis
• Personalized Medicine
• Machine Learning-based Behavioral Modification
• Smart Health Records
• Clinical Trial and Research
• Better Radiotherapy
• Crowdsourced Data Collection
• Outbreak Prediction

**
Finance industry**

In financial industries organizations like banks, fintech, regulators and insurance are Adopting machine learning to improve their facilities.Following are the use cases of machine learning in finance.

• Fraud prevention
• Risk management
• Investment predictions
• Customer service
• Digital assistants
• Marketing
• Network security
• Loan underwriting
• Algorithmic trading
• Process automation
• Document interpretation
• Content creation
• Trade settlements
• Money-laundering prevention
• Custom machine learning solutions

Education industry

Education industry is one of the industries which is investing in machine learning as it offers more efficient and easierlearning.AdaptiveLearning,IncreasingEfficiency,Learning Analytics,Predictive Analytics,Personalized Learning,Evaluating Assessments etc are the applications of machine learning in the education industry.

Outsource your machine learning solution to India,India is the best outsourcing destination offering best in class high performing tasks at an affordable price.Business** hire dedicated machine learning developers in India for making your machine learning app idea into reality.
**
Future of machine learning
Continuous technological advances are bound to hit the field of machine learning, which will shape the future of machine learning as an intensively evolving language.

• Improved Unsupervised Algorithms
• Increased Adoption of Quantum Computing
• Enhanced Personalization
• Improved Cognitive Services
• Rise of Robots

**Conclusion
**
Today most of the business from different industries are hire machine learning developers in India and achieve their business goals. This technology may have multiple applications, and, interestingly, it hasn’t even started yet but having taken such a massive leap, it also opens up so many possibilities in the existing business models in such a short period of time. There is no question that the increase of machine learning also brings the demand for mobile apps, so most companies and agencies employ Android developers and hire iOS developers to incorporate machine learning features into them.

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What is Time Series Forecasting?

In this article, we will be discussing an algorithm that helps us analyze past trends and lets us focus on what is to unfold next so this algorithm is time series forecasting.

What is Time Series Analysis?

In this analysis, you have one variable -TIME. A time series is a set of observations taken at a specified time usually equal in intervals. It is used to predict future value based on previously observed data points.

Here some examples where time series is used.

1. Business forecasting
2. Understand the past behavior
3. Plan future
4. Evaluate current accomplishments.

Components of time series :

1. Trend: Let’s understand by example, let’s say in a new construction area someone open hardware store now while construction is going on people will buy hardware. but after completing construction buyers of hardware will be reduced. So for some times selling goes high and then low its called uptrend and downtrend.
2. **Seasonality: **Every year chocolate sell goes high during the end of the year due to Christmas. This same pattern happens every year while in the trend that is not the case. Seasonality is repeating same pattern at same intervals.
3. Irregularity: It is also called noise. When something unusual happens that affects the regularity, for example, there is a natural disaster once in many years lets say it is flooded so people buying medicine more in that period. This what no one predicted and you don’t know how many numbers of sales going to happen.
4. Cyclic: It is basically repeating up and down movements so this means it can go more than one year so it doesn’t have fix pattern and it can happen any time and it is much harder to predict.

Stationarity of a time series:

A series is said to be “strictly stationary” if the marginal distribution of Y at time t[p(Yt)] is the same as at any other point in time. This implies that the mean, variance, and covariance of the series Yt are time-invariant.

However, a series said to be “weakly stationary” or “covariance stationary” if mean and variance are constant and covariance of two-point Cov(Y1, Y1+k)=Cov(Y2, Y2+k)=const, which depends only on lag k but do not depend on time explicitly.

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