I just finished reading “Forecasting: principles and practice”, by Monash University, Australia, academics Rob Hyndman and George Athanasopoulos. I think FPP is a terrific resource for predictive analytics/data science practitioners, achieving its objective to “provide a comprehensive introduction to forecasting methods and to present enough information about each method for readers to be able to use them sensibly.” A significant collateral benefit is the accompanying R package, forecast, that implements the covered procedures. An additional “fpp” package houses data used in examples. All for free.
An important objective of forecasting is “to inform decisions about the scheduling of production, transportation and personnel, and provide a guide to long-term strategic planning.... [Forecasting] is about predicting the future as accurately as possible, given all of the information available, including historical data and knowledge of any future events that might impact the forecasts.”
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