ARIMA for financial forecasting
Handling large historical datasets Financial forecasting is the process of predicting future financial performance based on past and present data. It’s an essential tool for businesses of all sizes, as it helps to inform decision-making and plan for the future. One of the most commonly used methods of financial forecasting is the AutoRegressive Integrated Moving Average, or ARIMA. So, what is ARIMA and how does it work? At a high level, ARIMA is a statistical model that is used to analyze time series data, such as sales figures or stock prices. It’s a flexible model that can be used to […]