Embodiments of forecasting hydrocarbon production are provided. One embodiment comprises transforming production data of a plurality of training wellbores and production data of at least one target wellbore such that the production data for all training wellbores and target wellbores are equivalent at the end of a first period of time; generating a transformed production forecast for each target wellbore at a target forecast time responsive to the transformed production data; and back transforming the transformed production forecast for each target wellbore to remove the equivalency. The back transformed production forecast for each target wellbore is the final production forecast for each target wellbore.