The Edward library http://edwardlib.org/ has made the modeling approach of G.E.P. Box sound appealing to me. Here is some reading on it:
https://www.jstor.org/stable/1266570?seq=1#page_scan_tab_contents
https://www.jstor.org/stable/1266125?seq=1#page_scan_tab_contents
https://www.jstor.org/stable/1266318?seq=1#page_scan_tab_contents
https://www.jstor.org/stable/2286841?seq=1#page_scan_tab_contents
https://www.jstor.org/stable/2982063?seq=1#page_scan_tab_contents
Healthy Algorithms 