A sophisticated forecasting approach based on the moving average concept is known as autoregressive integrated moving average.

Name: A sophisticated forecasting approach based on the moving average concept is known as autoregressive integrated moving average.
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Autoregressive Integrated Moving Average (ARIMA) is a sophisticated forecasting technique that combines autoregressive and moving average components, along with differencing to make the data stationary.

A Sophisticated Forecasting Approach Based on the Moving Average Concept