diff --git a/hierarchicalforecast/__init__.py b/hierarchicalforecast/__init__.py
index 3ced358..493f741 100644
--- a/hierarchicalforecast/__init__.py
+++ b/hierarchicalforecast/__init__.py
@@ -1 +1 @@
-__version__ = "0.2.1"
+__version__ = "0.3.0"
diff --git a/settings.ini b/settings.ini
index d796920..20e878c 100644
--- a/settings.ini
+++ b/settings.ini
@@ -8,7 +8,7 @@ author = Nixtla
 author_email = business@nixtla.io
 copyright = Nixtla Inc.
 branch = main
-version = 0.2.1
+version = 0.3.0
 min_python = 3.7
 audience = Developers
 language = English
@@ -16,7 +16,7 @@ custom_sidebar = True
 license = apache2
 status = 2
 requirements = numpy<1.24 numba pandas scikit-learn quadprog matplotlib tqdm
-dev_requirements = datasetsforecast statsforecast>=1.0.0 requests
+dev_requirements = datasetsforecast statsforecast>=1.0.0 requests scipy
 nbs_path = nbs
 doc_path = _docs
 recursive = True