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Time series forecasting is the science of predicting future events based on historical data, a practice with applications that permeate our daily lives. Consider demand and inventory planning, where forecasting enables businesses to anticipate customer needs, ensuring optimal product availability while minimizing costs.

Workshop: Time series forecasting remains a specialty topic focusing on 'predicting the future'. You will learn about a package that is tuned for your use case and the difficulties inherent in time series forecasting. The speaker will share a simplified problem notation to survey available solution offerings, and discuss time series packages in R and Python.

First, we explore the core concepts of foundation models, such as pretraining, transfer learning and fine-tuning. Second, we take a look at the advantages and disadvantages of foundation models in time series forecasting. While they can speed up the modeling and inference process, they might also not be the best solution for a particular project, meaning that we must still have a certain expertise to use them correctly and compare them with other methods. Then, we explore some of the major contributions to the field, including TimeGPT, Chronos, Moirai and TimesFM. We quickly discover their architectures, their capabilities and their limitations. Finally, we see TimeGPT in action to demonstrate how a foundation model can be used and how it compares to traditional methods.

Practical Data Science with R, Second Edition takes a practice-oriented approach to explaining basic principles in the ever expanding field of data science. You’ll jump right to real-world use cases as you apply the R programming language and statistical analysis techniques to carefully explained examples based in marketing, business intelligence, and decision support. About the Technology Evidence-based decisions are crucial to success. Applying the right data analysis techniques to your carefully curated business data helps you make accurate predictions, identify trends, and spot trouble in advance. The R data analysis platform provides the tools you need to tackle day-to-day data analysis and machine learning tasks efficiently and effectively. About the Book Practical Data Science with R, Second Edition is a task-based tutorial that leads readers through dozens of useful, data analysis practices using the R language. By concentrating on the most important tasks you’ll face on the job, this friendly guide is comfortable both for business analysts and data scientists. Because data is only useful if it can be understood, you’ll also find fantastic tips for organizing and presenting data in tables, as well as snappy visualizations. What's Inside Statistical analysis for business pros Effective data presentation The most useful R tools Interpreting complicated predictive models About the Reader You’ll need to be comfortable with basic statistics and have an introductory knowledge of R or another high-level programming language. About the Authors Nina Zumel and John Mount founded a San Francisco–based data science consulting firm. Both hold PhDs from Carnegie Mellon University and blog on statistics, probability, and computer science. Quotes Full of useful shared experience and practical advice. Highly recommended. - From the Foreword by Jeremy Howard and Rachel Thomas Great examples and an informative walk-through of the data science process. - David Meza, NASA Offers interesting perspectives that cover many aspects of practical data science; a good reference. - Pascal Barbedor, BL SET R you ready to get data science done the right way? - Taylor Dolezal, Disney Studios