The TD_MAMEAN uses available historical data to forecast activity h periods ahead. It is what is classified as being a flat forecaster, since, given 't' historical observations; the forecast for any period beyond 't+1' is equal to the forecast for 't+1'. Another usage of this forecaster is to use it to forecast just one-period ahead. So, if historical data is available up to and including time 't', it can be used to forecast the value at time 't+1'. Later, when the actual time 't+1' value becomes available, it can be used to forecast the value at time 't+2'; and so on and so forth.. The Mean Forecaster, simply stated, says that: given historical data up to time 't', the forecasted value for time 't+1' is simply the mean of the existing historical values.
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