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 Title: Forecasting: Principles and Practice
 Author(s): Rob J. Hyndman and George Athanasopoulos
 Publisher: Otexts; 3rd ed. edition (May 31, 2021)
 Paperback: 442 pages
 eBook: HTML
 Language: English
 ISBN10: 0987507133
 ISBN13: 9780987507136
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Book Description
TForecasting is required in many situations. Deciding whether to build another power generation plant in the next five years requires forecasts of future demand. Scheduling staff in a call centre next week requires forecasts of call volumes. Stocking an inventory requires forecasts of stock requirements. Telecommunication routing requires traffic forecasts a few minutes ahead. Whatever the circumstances or time horizons involved, forecasting is an important aid in effective and efficient planning.
This textbook provides a comprehensive introduction to forecasting methods and presents enough information about each method for readers to use them sensibly. Examples use R with many data sets taken from the authors' own consulting experience.
In this third edition, all chapters have been updated to cover the latest research and forecasting methods. One new chapter has been added on time series features.
About the Authors Professor Rob J. Hyndman is an Australian statistician based at Monash University, Melbourne, Australia.
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