Other methods

Combination/ensemble forecasts

Source: Hyndman and Athanasopoulos (2021)

Forecast accuracy can be improved by using several different methods on the same time series, and averaging the resulting forecasts.

Using a simple mean is often best.

References

Hyndman, Rob., and George. Athanasopoulos. 2021. “Some Practical Forecasting Issues.” Chap. 9 in Forecasting Principles and Practice, 13th ed. OTexts. https://otexts.com/fpp3/practical.html.