π The statsmodels developers are happy to announce the first release candidate for 0.12.0. 223 issues were closed in this release and 208 pull requests were merged. Major new features include:
π New exponential smoothing model: ETS (Error, Trend, Seasonal)
π New dynamic factor model for large datasets and monthly/quarterly mixed frequency models
β‘οΈ Decomposition of forecast updates based on the "news"
π Sparse Cholesky Simulation Smoother
Option to use Chandrasekhar recursions
Two popular methods for forecasting time series, forecasting after STL decomposition and the Theta model
Functions for constructing complex Deterministic Terms in time series models