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
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.