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ICB BIOTECHNOLOGY Stock Forecast - Naive Prediction

ICB
Investors can use prediction functions to forecast ICB BIOTECHNOLOGY historic stock prices and determine the direction of ICB BIOTECHNOLOGY future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of ICB BIOTECHNOLOGY historical fundamentals such as revenue growth or operating cash flow patterns. Check out Risk vs Return Analysis.
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A naive forecasting model for ICB BIOTECHNOLOGY is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of ICB BIOTECHNOLOGY value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.
This model is not at all useful as a medium-long range forecasting tool of ICB BIOTECHNOLOGY. This model really is a simplistic model, and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly. Instead, consider using either the moving average model, or the more general weighted moving average model with a higher (i.e. greater than 1) number of periods, and possibly a different set of weights.

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