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What is Backtesting? Backtesting is the process of testing a model against historical data. By simulating past data conditions, you can ensure that your model is accurate. Think of it as cross-validation for time-series models. Why is the backtesting of…
When doing time series forecasting, it is important to have a good understanding of the external data that will be used to predict future events. This understanding can be gained by looking at past data and analyzing how it relates…