Durango Resources OTC Stock Forecast - Polynomial Regression

Durango Resources polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Durango Resources as well as the accuracy indicators are determined from the period prices.

Durango Resources Polynomial Regression Price Forecast For the 24th of November

Given 90 days horizon, the Polynomial Regression forecasted value of Durango Resources on the next trading day is expected to be 0.01 with a mean absolute deviation of 0, mean absolute percentage error of 0.0000064, and the sum of the absolute errors of 0.12.

Durango Resources OTC Stock Forecast Pattern

Backtest Durango Resources

Durango Resources Price Prediction

Buy or Sell Advice

Durango Resources Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Durango Resources otc stock data series using in forecasting. Note that when a statistical model is used to represent Durango Resources otc stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality. A single variable polynomial regression model attempts to put a curve through the Durango Resources historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a₀ + a₁*X + a₂*X² + a₃*X³ + ... + a_m*X^m

Predictive Modules for Durango Resources

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Durango Resources. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Hype Prediction Low Estimated High 0.00 0.01 13.35 Details

Intrinsic Valuation Low Real High 0.00 0.01 13.35 Details

Bollinger Band Projection (param) Low Middle High 0.01 0.02 0.03 Details

Other Forecasting Options for Durango Resources

For every potential investor in Durango, whether a beginner or expert, Durango Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Durango OTC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Durango. Basic forecasting techniques help filter out the noise by identifying Durango Resources' price trends.

Durango Resources Related Equities

Risk & Return

Correlation

Durango Resources Technical and Predictive Analytics

The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Durango Resources' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Durango Resources' current price.

Durango Resources Market Strength Events

Durango Resources Risk Indicators

Currently Active Assets on Macroaxis

Other Information on Investing in Durango OTC Stock