1-Hour Crash Course: Make Your Own Silver Forecast Model (PLUS My Silver, Gold & Copper Forecast Models for FREE)
Summary:
This course is designed for beginners.
In this course, you will learn about multiple regression, simple linear regression and correlation. I will show you how to access publicly available information, so that you can create your own silver forecast model. You can also create other types of forecast models with this skill set.
Freebies:
As long as you have access to this course, you will have access to my own proprietary forecast models, for FREE! This is a cheaper way to get all of my forecast models, while also having access to another product.
Silver Forecast Model Summary:
Would you like to know next month's silver price, today? This silver forecasting model has a positive and strong correlation with the actual monthly silver price. You can rest assured that your forecasted prices will be close to the actual price. Forecasted prices may skew above or below the actual price.
How It Works:
1) Input forecasted CPI, US 10 Year Treasury Note Real Yield, Gold Price, SLV Volume, Dollar Futures & Bitcoin Price values under their respective headers (highlighted in green).
To get an idea of what values you may want to input, click the hyperlinked CPI, US 10 Year Treasury Note Real Yield, Gold Price, SLV Volume, Dollar Futures, Bitcoin Price headers.
2) After you input all of your values, the Silver Forecast section (highlighted in white), will update with the forecasted silver price.
Tip:
I like to make assumptions based on what I think the independent values (CPI, US 10 Year Treasury Note Real Yield, Gold Price, SLV Volume, Dollar Futures, Bitcoin Price) may be in the future. Once I make those assumptions, I will input them into this model and receive the forecasted silver price.
Silver Forecast Model Bias To Consider:
This model is subject to time period bias, as it is based on historical monthly data, beginning on October, 2014.
Gold Forecast Model Summary:
Would you like to know next month's gold price, today? This gold forecasting model has a positive and strong correlation with the actual monthly gold price. You can rest assured that your forecasted prices will be close to the actual price. Forecasted prices may skew above or below the actual price.
How It Works:
1) Input forecasted CPI, US 10 Year Treasury Note Real Yield, US M2, GLD Volume, Dollar Futures & Bitcoin Price values under their respective headers (highlighted in green).
To get an idea of what values you may want to input, click the hyperlinked CPI, US 10 Year Treasury Note Real Yield, US M2, GLD Volume, Dollar Futures, Bitcoin Price headers.
2) After you input all of your values, the Gold Forecast section (highlighted in yellow), will update with the forecasted gold price.
Tip:
I like to make assumptions based on what I think the independent values (CPI, US 10 Year Treasury Note Real Yield, US M2, GLD Volume, Dollar Futures, Bitcoin Price) may be in the future. Once I make those assumptions, I will input them into this model and receive the forecasted gold price.
Gold Forecast Model Bias To Consider:
This model is subject to time period bias, as it is based on historical monthly data, beginning on October, 2014.
Copper Forecast Model Summary:
Would you like to know next month's copper price, today? This copper forecasting model has a positive and strong correlation with the actual monthly copper price. You can rest assured that your forecasted prices will be close to the actual price. Forecasted prices may skew above or below the actual price.
How It Works:
1) Input forecasted Caixin Manufacturing PMI, Crude Oil Futures, Dollar Futures, & Chile Exports ($) values under their respective headers (highlighted in green).
To get an idea of what values you may want to input, click the hyperlinked Caixin Manufacturing PMI, Crude Oil Futures, Dollar Futures, & Chile Exports ($) headers.
2) After you input all of your values, the Copper Forecast section (highlighted in reddish-brown), will update with the forecasted copper price.
Tip:
I like to make assumptions based on what I think the independent values (Caixin Manufacturing PMI, Crude Oil Futures, Dollar Futures, & Chile Exports ($)) may be in the future. Once I make those assumptions, I will input them into this model and receive the forecasted copper price.
Copper Forecast Model Bias To Consider:
This model is subject to time period bias, as it is based on historical monthly data, beginning on September, 2014.
Make personal finance, personal! Make your own models (and get mine for FREE)