Com7 PCL Stock Forecast - Simple Exponential Smoothing

Com7 PCL simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Com7 PCL are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Com7 PCL prices get older.

Com7 PCL Simple Exponential Smoothing Price Forecast For the 2nd of February

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Com7 PCL on the next trading day is expected to be 22.09 with a mean absolute deviation of 0.45, mean absolute percentage error of 0.33, and the sum of the absolute errors of 26.88.

Com7 PCL Stock Forecast Pattern

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Com7 PCL Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Com7 PCL stock data series using in forecasting. Note that when a statistical model is used to represent Com7 PCL 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. This simple exponential smoothing model begins by setting Com7 PCL forecast for the second period equal to the observation of the first period. In other words, recent Com7 PCL observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Com7 PCL

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Com7 PCL. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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 19.68 22.00 24.32 Details

Intrinsic Valuation Low Real High 19.59 21.91 24.23 Details

Bollinger Band Projection (param) Low Middle High 21.16 24.79 28.43 Details

Other Forecasting Options for Com7 PCL

For every potential investor in Com7, whether a beginner or expert, Com7 PCL's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Com7 Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Com7. Basic forecasting techniques help filter out the noise by identifying Com7 PCL's price trends.

Com7 PCL Related Equities

Risk & Return

Correlation

Com7 PCL Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Com7 PCL'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 Com7 PCL's current price.

Com7 PCL Market Strength Events

Com7 PCL Risk Indicators

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