Simple forecasting models refer to basic statistical techniques used to predict future trends or outcomes based on historical data. These models are easy to understand and implement, making them ideal for beginners or those looking for quick insights. Common examples include moving averages, Weighted Moving Average. While simple forecasting models may lack the complexity of more advanced methods, they can still provide valuable information for decision-making and planning purposes. By incorporating these models into your analysis, you can better anticipate changes in markets, demand, or other variables affecting your business or projects.