Everyone always wants to know what the future value of a company will be. Obviously no one can ever know exactly what will happen to the price of a stock but it is possible to predict its future value by using statistics and modeling. This process consists of taking past values and using them to predict how the price will act in the future. This cannot account for specific events within the market but it helps to decide how to hedge an investment.
This method can be used for the price of anything as long as its past price is known. The more data and less volitility in the price, the more accurate the predicted range of prices will be. This means that things with consistent value or consistent growth in value can be predicted with accuracy.
While this method does not have lots of applications it is useful for certain situations. You can find my project on GitHub soon with lots of data and examples of how I used it.