TimeGPT Quickstart

TimeGPT Quickstart

Unlock the power of accurate predictions and confidently navigate
uncertainty. Reduce uncertainty and resource limitations. With
TimeGPT, you can effortlessly access state-of-the-art models to make
data-driven decisions. Whether you’re a bank forecasting market trends
or a startup predicting product demand, TimeGPT democratizes access to
cutting-edge predictive insights.

Introduction

Nixtla’s TimeGPT is a generative pre-trained forecasting model for time series data. TimeGPT can produce accurate forecasts for new time series without training, using only historical values as inputs. TimeGPT can be used across a plethora of tasks including demand forecasting, anomaly detection, financial forecasting, and more. The TimeGPT model “reads” time series data much like the way humans read a sentence – from left to right. It looks at windows of past data, which we can think of as “tokens”, and predicts what comes next. This prediction is based on patterns the model identifies in past data and extrapolates into the future. The API provides an interface to TimeGPT, allowing users to leverage its forecasting capabilities to predict future events. TimeGPT can also be used for other time series-related tasks, such as what-if scenarios, anomaly detection, and more.

figure

Usage


from nixtlats import TimeGPT

/home/ubuntu/miniconda/envs/nixtlats/lib/python3.11/site-packages/statsforecast/core.py:25: TqdmWarning: IProgress not found. Please update jupyter and ipywidgets. See https://ipywidgets.readthedocs.io/en/stable/user_install.html
  from tqdm.autonotebook import tqdm

You can instantiate the TimeGPT class providing your credentials.


timegpt = TimeGPT(
    # defaults to os.environ.get("TIMEGPT_TOKEN")
    token = 'my_token_provided_by_nixtla'
)

You can test the validate of your token calling the validate_token method:


timegpt.validate_token()

INFO:nixtlats.timegpt:Happy Forecasting! :), If you have questions or need support, please email [email protected]

True

Now you can start making forecasts! Let’s import an example on the classic AirPassengers dataset. This dataset contains the monthly number of airline passengers in Australia between 1949 and 1960. First, let’s load the dataset and plot it:


import pandas as pd


df = pd.read_csv('https://raw.githubusercontent.com/Nixtla/transfer-learning-time-series/main/datasets/air_passengers.csv')
df.head()

timestampvalue
01949-01-01112
11949-02-01118
21949-03-01132
31949-04-01129
41949-05-01121

timegpt.plot(df, time_col='timestamp', target_col='value')

Important requirements of the data

  • Make sure the target variable column does not have missing or
    non-numeric values.
  • Do not include gaps/jumps in the datestamps (for the given
    frequency) between the first and late datestamps. The forecast
    function will not impute missing dates.
  • The format of the datestamp column should be readable by Pandas
    (see this
    link

    for more details).
    Next, forecast the next 12 months using the SDK forecast method. Set the following parameters:
  • df: A pandas dataframe containing the time series data.
  • h: The number of steps ahead to forecast.
  • freq: The frequency of the time series in Pandas format. See
    pandas’ available
    frequencies
    .
  • time_col: Column that identifies the datestamp column.
  • target_col: The variable that we want to forecast.

timegpt_fcst_df = timegpt.forecast(df=df, h=12, freq='MS', time_col='timestamp', target_col='value')
timegpt_fcst_df.head()

INFO:nixtlats.timegpt:Validating inputs...
INFO:nixtlats.timegpt:Preprocessing dataframes...
INFO:nixtlats.timegpt:Calling Forecast Endpoint...
timestampTimeGPT
01961-01-01437.837952
11961-02-01426.062744
21961-03-01463.116577
31961-04-01478.244507
41961-05-01505.646484

timegpt.plot(df, timegpt_fcst_df, time_col='timestamp', target_col='value')


You can also produce a longer forecasts increasing the horizon parameter. For example, let’s forecast the next 36 months:


timegpt_fcst_df = timegpt.forecast(df=df, h=36, time_col='timestamp', target_col='value', freq='MS')
timegpt_fcst_df.head()

INFO:nixtlats.timegpt:Validating inputs...
INFO:nixtlats.timegpt:Preprocessing dataframes...
WARNING:nixtlats.timegpt:The specified horizon "h" exceeds the model horizon. This may lead to less accurate forecasts. Please consider using a smaller horizon.
INFO:nixtlats.timegpt:Calling Forecast Endpoint...
timestampTimeGPT
01961-01-01437.837952
11961-02-01426.062744
21961-03-01463.116577
31961-04-01478.244507
41961-05-01505.646484

timegpt.plot(df, timegpt_fcst_df, time_col='timestamp', target_col='value')


Or a shorter one:


timegpt_fcst_df = timegpt.forecast(df=df, h=6, time_col='timestamp', target_col='value', freq='MS')
timegpt.plot(df, timegpt_fcst_df, time_col='timestamp', target_col='value')

INFO:nixtlats.timegpt:Validating inputs...
INFO:nixtlats.timegpt:Preprocessing dataframes...
INFO:nixtlats.timegpt:Calling Forecast Endpoint...

Warning

TimeGPT-1 is currently optimized for short horizon forecasting. While
the forecast mehtod will allow any positive and large horizon, the
accuracy of the forecasts might degrade. We are currently working to
improve the accuracy on longer forecasts.

Using DateTime index to infer frequency

The freq parameter, which indicates the time unit between consecutive data points, is particularly critical. Fortunately, you can pass a DataFrame with a DateTime index to the forecasting method, ensuring that your time series data is equipped with necessary temporal features. By assigning a suitable freq parameter to the DateTime index of a DataFrame, you inform the model about the consistent interval between observations — be it days (‘D’), months (‘M’), or another suitable frequency.


df_time_index = df.set_index('timestamp')
df_time_index.index = pd.DatetimeIndex(df_time_index.index, freq='MS')
timegpt.forecast(df=df, h=36, time_col='timestamp', target_col='value').head()

INFO:nixtlats.timegpt:Validating inputs...
INFO:nixtlats.timegpt:Preprocessing dataframes...
INFO:nixtlats.timegpt:Inferred freq: MS
WARNING:nixtlats.timegpt:The specified horizon "h" exceeds the model horizon. This may lead to less accurate forecasts. Please consider using a smaller horizon.
INFO:nixtlats.timegpt:Calling Forecast Endpoint...
timestampTimeGPT
01961-01-01437.837952
11961-02-01426.062744
21961-03-01463.116577
31961-04-01478.244507
41961-05-01505.646484