Key Concepts
Understanding the foundations of time series forecasting with TimeGPT
These key concepts cover the foundations of time series data, how forecasts are generated, and the role of TimeGPT in predicting future values and detecting anomalies.
Use these concepts as a reference to better understand how TimeGPT simplifies tasks such as demand forecasting, anomaly detection, and multi-series forecasting.
Time Series
A sequence of numerical data points arranged in chronological order.
Forecasting
Predicting future values by analyzing historical data and patterns.
Anomaly Detection
Identifying unusual or unexpected events that deviate from typical behavior.
Multiple Series
Managing and forecasting multiple time series data at once.
TimeGPT
Nixtla’s generative pre-trained model for time series forecasting.
Inputs (Tokens)
Segments of historical data that inform TimeGPT’s forecasting process.
Get Started with TimeGPT
Now that you understand the key concepts, you’re ready to start using TimeGPT for your forecasting needs.