Forecasting with ARIMA+

BigQuery ML ARIMA_PLUS is a univariate forecasting model. As a statistical model, it is faster to train than a model based on neural networks. We recommend training a BigQuery ML ARIMA_PLUS model if you need to perform many quick iterations of model training or if you need an inexpensive baseline to measure other models against.

Like Prophet, BigQuery ML ARIMA_PLUS attempts to decompose each time series into trends, seasons, and holidays, producing a forecast using the aggregation of these models' predictions. One of the many differences, however, is that BQML ARIMA+ uses ARIMA to model the trend component, while Prophet attempts to fit a curve using a piecewise logistic or linear model.

Google Cloud offers a pipeline for training a BigQuery ML ARIMA_PLUS model and a pipeline for getting batch predictions from a BigQuery ML ARIMA_PLUS model. Both pipelines are instances of Vertex AI Pipelines from Google Cloud Pipeline Components (GCPC).

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