How is ARIMA model used in forecasting?

The ARIMA models have proved to be excellent short-term forecasting models for a wide variety of time series.

Autoregressive integrated moving average (ARIMA) models predict future values based on past values . ARIMA makes use of lagged moving averages to smooth time series data. They are widely used in technical analysis to forecast future security prices.

ARIMA (Autoregressive Integrated Moving Average): ARIMA is arguably the most popular and widely used statistical technique for forecasting .