Lamb Weston Naive Prediction

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LW -- USA Stock  

Fiscal Quarter End: February 29, 2020  

Investors can use this prediction interface to forecast Lamb Weston historic prices and determine the direction of Lamb Weston Holdings 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 Lamb Weston historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Lamb Weston Holdings systematic risks associated with finding meaningful patterns of Lamb Weston fundamentals over time. Additionally see Stocks Correlation.
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A naive forecasting model for Lamb Weston is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Lamb Weston Holdings 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 Lamb Weston Holdings. 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.