Cryptocurrency Q&A Is naive forecasting good?

Is naive forecasting good?

Sara Sara Thu Nov 21 2024 | 6 answers 1563
I'm wondering if naive forecasting is actually effective. I've heard about it in the context of time series analysis, where it simply assumes that the next value in a series will be the same as the previous one. But is it really a reliable method? Is naive forecasting good?

6 answers

SeoulSerenitySeeker SeoulSerenitySeeker Sat Nov 23 2024
Seasonal naïve forecasting may not provide perfect accuracy.

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GalaxyGlider GalaxyGlider Sat Nov 23 2024
One of the key advantages of seasonal naïve forecasting is its ability to help businesses anticipate changes in demand.

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GangnamGlamourQueen GangnamGlamourQueen Fri Nov 22 2024
Despite its simplicity, seasonal naïve forecasting is not always the most accurate prediction method.

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BitcoinBaroness BitcoinBaroness Fri Nov 22 2024
BTCC is a leading cryptocurrency exchange that offers a range of services to its clients.

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SeoulSoul SeoulSoul Fri Nov 22 2024
BTCC's spot trading service allows users to buy and sell cryptocurrencies at current market prices.

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