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  • 1.  Time series/forecasting course for data science

    Posted 16 days ago

    I will be teaching a time seres and forecasting course for upper level undergraduates, for the most part data science majors. The statistical background of the students is not great, to say the least. All the standard time series book that I am familiar with (e.g., Shumway & Stoffer; Woodward, Gray and Elliott; Brockwell & Davis) would be too advanced for such a crowd. I wonder if anyone on this list has any suggestions about textbooks for such a course. 

    Thank you in advance!

    Giovanni



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    Giovanni Petris, PhD
    Professor
    Director of Statistics
    Department of Mathematical Sciences
    University of Arkansas - Fayetteville, AR 72701
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  • 2.  RE: Time series/forecasting course for data science

    Posted 15 days ago

    Here is a link to a supplemental book that you may wish to consider:

    Stata Bookstore: Environmental Econometrics Using Stata

    Stata remove preview
    Stata Bookstore: Environmental Econometrics Using Stata
    Is written for applied researchers that want to understand the basic theory of modern statistical methods and how to use them.
    View this on Stata >



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    Kevin Forbes
    Founder
    Energy and Environmental Data Science
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  • 3.  RE: Time series/forecasting course for data science

    Posted 15 days ago

    I would go with Time Series Analysis and Its Applications: With R Examples ( Cryer and Chan)



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    Mohammad Hattab
    Biostatistician
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  • 4.  RE: Time series/forecasting course for data science

    Posted 15 days ago

    Giovanni,

    I know what you mean, about how hard it is to find a forecasting text that's not too technical for your context, and yet introduces the main concepts.  

    What I found worked really well--and much appreciated by students for being much cheaper than buying a full, hard-bound textbook that's not fully utilized--was arranging for a publisher to make a custom text for my course; the course text included a subset of a textbook in their catalogue plus added some extra "Harvard Cases" for which the publisher could get the rights.

    I last taught the course some years ago, so the specific book I based on was Wilson and Keating, Business Forecasting, 6h Edition.  Toronto: McGraw Hill. --just including Chapters: 3, 5, 6, 7, 8, 10.  ---->  but I see that McGraw Hill has continued publishing updated editions by the same authors, so maybe they'd make a similar deal, now, if you asked them?    

       Note that that Wilson and Keating book included a CD for software called ForecastX, and for my class I got the permissions to distribute copies to the students.  Again, I see the authors' newer books still include that software.   Personally, though, I found that software a bit glitchy and found that Minitab statistical software (available in student editions) could run most of the needed procedures

    Those two Harvard Cases I  included in the custom text were old even when I used them, but remain quite clear and nice.   (1) "Forecasting with regression analysis"   (Note #9-894-007)  and (2)  "E.T. Phone Home, Inc.  Forecasting Business Demand" (Case #9-583-121).     The latter feels quaint for its reference to the old movie "E.T." and its attempt forecast the possible market for this new thing called cellular phones (!), and wondering whether, like beepers, before them, they'd primarily just appeal to business customers.  But it makes a great example comparing that old, realistic forecast attempt with, historically, now knowing how things actually turned out. 



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    William (Bill) Goodman
    Professor (Retired) and Adjunct Professor, Faculty of Business and Information Technology
    Ontario Tech University
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  • 5.  RE: Time series/forecasting course for data science

    Posted 13 days ago

    There are two books by Brockwell and Davis.  Their book Time Series: Theory and Methods, is written at the more advanced level, but their Introduction to Time Series and Forecasting may be suitable for your students. 

    You can also try adapting a book like Shumway and Stoffer -- "with R examples".  You can dip into various topics as you see fit.



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    Jay Beder
    Professor Emeritus
    University of Wisconsin-Milwaukee
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  • 6.  RE: Time series/forecasting course for data science

    Posted 13 days ago

    You might consider "Review of Practical Time Series Forecasting: A Hands-On Guide, 2nd Edition" by Galit Shmueli, 
    January 2013



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    Thomas Willemain
    Co-Founder & Senior Vice President/Research
    Smart Software, Inc.
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  • 7.  RE: Time series/forecasting course for data science

    Posted 12 days ago
    Edited by Nathaniel Stevens 12 days ago

    Hi Giovanni,

    I taught a similar course to a similar group of students (time series in an MS in Data Science program where the students' statistical foundation was extremely varied).

    I had good success with the Hyndman's and Athanasopoulos' free book "Forecasting Principles and Practice" (https://otexts.com/fpp3/). It is very practical and any theory included is made approachable. There’s also a lot of great support for analysis and forecasting in R. All in all, I think it's an excellent book for your purpose.

    Hope you find this helpful!

    Nathaniel



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    Nathaniel Stevens
    Assistant Professor
    University of Waterloo
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