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  • Forecasting: Principles and Practice by Rob J. Hyndman book cover
  • Forecasting: Principles and Practice by Rob J. Hyndman book cover
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Forecasting: Principles and Practice

by Rob J. Hyndman

A practical introduction to forecasting methods

$62.88 USD
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AlbakiReads Editorial

A practical introduction to forecasting methods

Forecasting: Principles and Practice connects forecasting methods to planning decisions across very different time horizons, from near-term call volumes and telecommunications traffic to longer-range demand and inventory needs. The textbook introduces a range of methods with the aim of helping readers use them sensibly, and works through examples in R using datasets drawn from consulting experience. This third edition updates the chapters and adds a chapter on time-series features, giving the book a broad instructional scope that spans both applied examples and foundational methods.

Good fit for readers who enjoy

  • Students seeking a comprehensive introduction to forecasting methods.
  • Practitioners who want examples of forecasting applications across business and operational settings.
  • R users interested in working through forecasting examples with datasets.

Themes

Forecasting methodsPlanning and decision-makingTime-series featuresApplied R examples

Based on publisher information and book metadata.

Book overview

Forecasting 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. The latest version of the book is freely available online at http: //OTexts.com/fpp3.

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