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Forecasting Process Details


The forecasting generation process is described graphically in Figure 44.3.

Figure 44.3 Forecasting Flow Diagram
 Forecasting Flow Diagram

The forecasting process is similar to the model evaluation process described in the preceding section, except that k-step-ahead predictions are made from the end of the data through the specified forecast horizon, and prediction standard errors and confidence limits are calculated. The forecasts and confidence limits are displayed in the Forecast plot or table of the Model Viewer window.

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