Current Forecast of NASDAQ Composite

Units: Stock Price Index, Average of Month.  Not Seasonally Adjusted.

Solid Line = Actual Values.  Dashed Line = Predicted Values.



Forecast Values for NASDAQ Composite

DateForecast
Jan-187271.28
Feb-187010
Mar-187180
Apr-187090
May-187330
Jun-187180
Jul-186990

How This Forecast is Produced

The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.

The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components.  The decomposed components of the time series are then projected forward in time.

The NASDAQ Composite

The NASDAQ Composite is a price index of common stocks and similar securities listed on the U.S. NASDAQ stock exchange.  Did you know that NASDAQ stands for National Association of Securities Dealers Automated Quotation system.  I guess NASDAQS was just too cumbersome.