Last updated August 16, 2023
What are forecasting algorithms?
Forecasting algorithms refer to mathematical models and techniques used to predict future values or outcomes based on historical data patterns. These algorithms analyze historical data, identify trends, patterns, and relationships, and use them to make predictions about future events, behaviors, or quantities.
Forecasting algorithms can be applied to various domains, such as finance, weather forecasting, demand forecasting, and more. They help businesses and organizations make informed decisions, plan resources, anticipate market trends, and optimize operations.