Citizens Bancshares Pink Sheet Forecast - Polynomial Regression

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

Citizens Bancshares Polynomial Regression Price Forecast For the 1st of December

Given 90 days horizon, the Polynomial Regression forecasted value of Citizens Bancshares Corp on the next trading day is expected to be 52.64 with a mean absolute deviation of 0.92, mean absolute percentage error of 1.30, and the sum of the absolute errors of 57.02.

Citizens Bancshares Pink Sheet Forecast Pattern

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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 Citizens Bancshares pink sheet data series using in forecasting. Note that when a statistical model is used to represent Citizens Bancshares pink sheet, 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 Citizens Bancshares 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 Citizens Bancshares

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Citizens Bancshares Corp. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 52.20 54.00 55.80 Details

Intrinsic Valuation Low Real High 52.24 54.04 55.84 Details

Bollinger Band Projection (param) Low Middle High 52.24 55.01 57.79 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Citizens Bancshares. Your research has to be compared to or analyzed against Citizens Bancshares' peers to derive any actionable benefits. When done correctly, Citizens Bancshares' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Citizens Bancshares Corp.

Other Forecasting Options for Citizens Bancshares

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

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Citizens Bancshares Corp Technical and Predictive Analytics

The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Citizens Bancshares' 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 Citizens Bancshares' current price.

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