SPASX 200 Index Forecast - Double Exponential Smoothing

Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for SPASX 200 works best with periods where there are trends or seasonality.

SPASX 200 Double Exponential Smoothing Price Forecast For the 26th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of SPASX 200 Materials on the next trading day is expected to be 16,658 with a mean absolute deviation of 183.10, mean absolute percentage error of 53,216, and the sum of the absolute errors of 10,803.

SPASX 200 Index Forecast Pattern

SPASX 200 Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of SPASX 200 index data series using in forecasting. Note that when a statistical model is used to represent SPASX 200 index, 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. When SPASX 200 Materials prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any SPASX 200 Materials trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent SPASX 200 observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for SPASX 200

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SPASX 200 Materials. Regardless of method or technology, however, to accurately forecast the index market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the index 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.

Other Forecasting Options for SPASX 200

For every potential investor in SPASX, whether a beginner or expert, SPASX 200's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SPASX Index price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SPASX. Basic forecasting techniques help filter out the noise by identifying SPASX 200's price trends.

SPASX 200 Related Equities

Risk & Return

Correlation

SPASX 200 Materials Technical and Predictive Analytics

The index market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of SPASX 200's 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 SPASX 200's current price.

SPASX 200 Market Strength Events

SPASX 200 Risk Indicators

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.