How to predict the next value when the model has been evaluated #1489
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Hello. How can I predict 1961-01 value? |
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Answered by
smastelini
Jan 15, 2024
Replies: 1 comment 2 replies
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I suggest you check the example about creating a nowcasting model in the documentation. |
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You will need to assemble the needed info (
x
values) yourself, to pass to the model. There are multiple strategies to extrapolate prediction in the future. For instance, you can feed the model its predictions to predict possibly unbounded forecasting horizons. This is what is called a recursive forecasting approach. There are drawbacks, of course, such as error propagation.