Week 1: What is forecasting?

What you will learn this week

  • How to think about forecasting from a statistical perspective
  • What makes something easy or hard to forecast?
  • Using the tsibble package in R

Pre-class activities

  • Before we start classes, make sure that are familiar with R, RStudio and the tidyverse packages. If you’ve already done ETC1010, then you may not need to do anything! But if you’re new to R and the tidyverse, then you will need to get yourself up-to-speed. Work through the first five modules of the StartR tutorial at startr.numbat.space. Do as much of it as you think you need. For those students new to R, it is strongly recommended that you do all five modules. For those who have previously used R, concentrate on the parts where you feel you are weakest.

  • Install R and RStudio on your personal computer. Instructions are provided at OTexts.com/fpp3/appendix-using-r.html.

  • Read Chapter 1 of the textbook and watch all embedded videos

  • Watch this video

Slides for Monday lecture

Download pdf

Activities for Tuesday workshop

Check your understanding

Assignments