Technical forecasting

Technical forecasting

A forecasting method that uses historical prices and trends.

Technical Forecasting

The practice of using statistics to determine future trends in security prices and make or recommend investment decisions based on those expected trends. Technical forecasting does not attempt to determine the intrinsic value of securities, but instead focuses on matters such as trade volume, demand, and volatility. Technical forecasters evaluate short-term trends almost exclusively, which is both a strength and a weakness in their analysis. See also: Fundamental Analysis.
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Through reliable technical forecasting, the fast follower can dissipate the fog of uncertainty and make better decisions on what technology to follow and when to engage.
The pilot project has similarities with the Russian Emergency and Disaster Management Command Centre such as GIS based software application; two way video, audio and data communication capabilities and can receive inputs from technical forecasting agencies like India Meteorological Department.
But policy changes used up some of the surplus in the interim, so the cumulative sum of economic and technical forecasting errors over the period was $844 billion, or over six percent of expected GDP.

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