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Time series forecasting suite using statistical models

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Statistical ⚡️ Forecast

Lightning fast forecasting with statistical and econometric models

CI Python PyPi conda-nixtla License docs

StatsForecast offers a collection of widely used univariate time series forecasting models, including automatic ARIMA and ETS modeling optimized for high performance using numba. It also includes a large battery of benchmarking models.

💻 Installation


You can install the released version of StatsForecast from the Python package index pip with:

pip install statsforecast

(Installing inside a python virtualenvironment or a conda environment is recommended.)


Also you can install the released version of StatsForecast from conda with:

conda install -c conda-forge statsforecast

(Installing inside a python virtualenvironment or a conda environment is recommended.)

Dev Mode If you want to make some modifications to the code and see the effects in real time (without reinstalling), follow the steps below:
git clone
cd statsforecast
pip install -e .

🏃🏻‍♀️🏃 Getting Started

To get started just follow this guide. In the guide, we showcase AutoARIMA and AutoETS, and go further into probabilistic predictions, exogenous variables, and other baseline models.

🎉 New!

  • Open In Colab ETS Example: 4x faster than StatsModels with improved accuracy and robustness.
  • Open In Colab Complete pipeline and comparison: 20x faster than pmdarima and 500x faster than Prophet.

🔥 Highlights

  • Fastest and most accurate AutoARIMA in Python and R.

  • Fastest and most accurate ETS in Python and R.

  • Replace FB-Prophet in two lines of code and gain speed and accuracy. Check the experiments here.

  • Distributed computation in clusters with ray. (Forecast 1M series in 30min)

  • Good Ol' sklearn interface with AutoARIMA().fit(y).predict(h=7).

🎊 Features

  • Inclusion of exogenous variables and prediction intervals for ARIMA.

  • 20x faster than pmdarima.

  • 1.5x faster than R.

  • 500x faster than Prophet.

  • 100x faster than NeuralProphet.

  • 4x faster than statsmodels.

  • Compiled to high performance machine code through numba.

  • 1,000,000 series in 30 min with ray.

  • Out of the box implementation of ADIDA, HistoricAverage, CrostonClassic, CrostonSBA, CrostonOptimized, SeasonalWindowAverage, SeasonalNaive, IMAPA Naive, RandomWalkWithDrift, WindowAverage, SeasonalExponentialSmoothing, TSB, AutoARIMA and ETS.

Missing something? Please open an issue or write us in Slack

📖 Why?

Current Python alternatives for statistical models are slow, inaccurate and don't scale well. So we created a library that can be used to forecast in production environments or as benchmarks. StatsForecast includes an extensive battery of models that can efficiently fit millions of time series.

🔬 Accuracy & ⏲ Speed


The AutoARIMA model implemented in StatsForecast is 20x faster than pmdarima and 1.5x faster than R while improving accuracy. You can see the exact comparison and reproduce the results here.


StatsForecast's exponential smoothing is 4x faster than StatsModels' and 1.6x faster than R's, with improved accuracy and robustness. You can see the exact comparison and reproduce the results here

Benchmarks at Scale

With StatsForecast you can fit 9 benchmark models on 1,000,000 series in under 5 min. Reproduce the results here.

🧬 Getting Started

You can run this notebooks to get you started.

  • Example of different AutoARIMA models on M4 data Open In Colab

    • In this notebook we present Nixtla's AutoARIMA. The AutoARIMA model is widely used to forecast time series in production and as a benchmark. However, the alternative python implementation (pmdarima) is so slow that prevents data scientists from quickly iterating and deploying AutoARIMA in production for a large number of time series.
  • Shorter Example of fitting and AutoARIMA and an ETS model. Open In Colab

  • Benchmarking 9 models on millions of series.

📖 Documentation (WIP)

Here is a link to the documentation.

🔨 How to contribute


📃 References

  • The AutoARIMA model is based (translated) from the R implementation included in the forecast package developed by Rob Hyndman.
  • The ETS model is based (translated) from the R implementation included in the forecast package developed by Rob Hyndman.

Contributors ✨

Thanks goes to these wonderful people (emoji key):


💻 🚧

José Morales

💻 🚧

Sugato Ray


Jeff Tackes




Alec Helyar


Dave Hirschfeld










Philip Gillißen


Sebastian Hagn


Han Wang


Ben Jeffrey




Mariana Menchero García


Nikhil Gupta




josh attenberg


This project follows the all-contributors specification. Contributions of any kind welcome!

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