Chapter 12 Hybrid Models

An illustration of ensemble methods.

Figure 12.1: An illustration of ensemble methods.

Combined forecast from different models.

Figure 12.2: Combined forecast from different models.

Forecast from auto.arima model.

Figure 12.3: Forecast from auto.arima model.

Actual and fitted values of each component model.

Figure 12.4: Actual and fitted values of each component model.

Two weeks ahead ensemble forecast from different methods.

Figure 12.5: Two weeks ahead ensemble forecast from different methods.

Two weeks ahead ensemble forecast from ETS and ARIMA models using “opera.”

Figure 12.6: Two weeks ahead ensemble forecast from ETS and ARIMA models using “opera.”