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UTRON LTD Stock Forecast - Naive Prediction

UTR
Investors can use this prediction interface to forecast UTRON LTD historic stock prices and determine the direction of UTRON LTD 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 UTRON LTD historical fundamentals such as revenue growth or operating cash flow patterns. Also please take a look at World Market Map.
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A naive forecasting model for UTRON LTD is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of UTRON LTD 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 UTRON LTD. 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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Also please take a look at World Market Map. Please also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.