Time Series Forecast

Time Series Forecast  indicator displays the statistical trend of a security's price over a specified time period.  Time Series Forecast consists of linear regression measurements using the Least Squares Method.

Time Series Forecast

Time Series Forecast  indicator displays the statistical trend of a security's price over a specified time period. 

 


Interpretation of Time Series Forecast

Time Series Forecast consists of linear regression measurements using the Least Squares Method.

The Time Series Forecast does not exhibit as much delay when adjusting to price changes as would a moving average. Since the Time Series Forecast is "fitting" itself to the data rather than averaging the data points, it is more responsive to price changes.

The Time Series Forecast can be used to forecast the next period's price. This estimate is based on the trend of the security's prices over a specified period (e.g., 10 days). If the current trend continues, the value of the Time Series Forecast is a forecast of the next period's price.


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