PSAGOT INDEXES ETF Forecast - Naive Prediction

Investors can use prediction functions to forecast PSAGOT INDEXES historic stock prices and determine the direction of PSAGOT INDEXES 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 PSAGOT INDEXES historical fundamentals such as revenue growth or operating cash flow patterns. See also Your Equity Center.
A naive forecasting model for PSAGOT INDEXES is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of PSAGOT INDEXES 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 PSAGOT INDEXES. 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.