ANN: statsmodels Release Candidate 0.12.0rc0 is now available

[Kevin Sheppard]

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:

• New exponential smoothing model: ETS (Error, Trend, Seasonal)
• New dynamic factor model for large datasets and monthly/quarterly mixed frequency models
• Decomposition of forecast updates based on the "news"
• 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