Forecasting using Moving Average model
Any Time Series model which requires Residual value to predict, how can this model perform forecasting as we would not have the true values in real life of future dates
1 answers ( 0 marked as helpful)
Hey Sai,
In the lecture regarding the pitfalls of these models we mention precisely that. One way to "resolve" this issue is to artificially create the future residuals as a separate column of the dataset.
Best,
365 Vik