Monitoring the condition of rotating machinery is critical in aerospace applications like aircraft engines and helicopter rotors. Faults in these components can lead to catastrophic outcomes, making early detection essential. This paper proposes a novel approach using vibration signals and time series prediction methods for fault detection in rotating aerospace machinery. By extracting relevant features from vibration signals and using prediction models, fault severity can be effectively quantified. Our experimental results show that the proposed method has potential in early fault detection and is applicable to various types of bearing faults and the different statuses of these faults under complex running conditions, achieving very good generalization ability.