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Free Open-Source Forecasting Using R

Stephan Kolassa and Rob Hyndman

Foresight: The International Journal of Applied Forecasting, 2010, issue 17, 19-23

Abstract: Neelie Kroes, while antitrust commissioner for the EU, said, “In the current economic context, all companies are looking for cost-effective IT solutions. Systems based on open-source software are increasingly emerging as viable alternatives to proprietary solutions.” Stephan Kolassa and Rob Hyndman provide their evaluation of whether R, an open-source statistical computing environment, can be used for forecasting. They compare it favorably to professionally produced and quality-controlled commercial software. Copyright International Institute of Forecasters, 2010

Date: 2010
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