Multi-Step Forecasting
In the previous parts, we covered some basics of forecasting and different types of modeling techniques for time series forecasting. But a complete forecasting system is not just the model. There are a few mechanics of time series forecasting that make a lot of difference. These topics cannot be called basics because they require a nuanced understanding of the forecasting paradigm, and that is why we didn’t cover these upfront.
Now that you have worked on some forecasting models and are familiar with time series, it’s time to get more nuanced in our approach. Most of the forecasting exercises we have done throughout the book focus on forecasting the next timestep.
In this chapter, we will look at strategies to generate multi-step forecasting. In other words, how to forecast the next 
timesteps.
In this chapter, we will be covering these main topics:
- Why multi-step forecasting?
- Recursive strategy
- Direct strategy
- Joint...
