EDISON INTL Stock Forecast - Simple Regression

Simple Regression model is a single variable regression model that attempts to put a straight line through EDISON INTL price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

EDISON INTL Simple Regression Price Forecast For the 24th of November

Given 90 days horizon, the Simple Regression forecasted value of EDISON INTL on the next trading day is expected to be 78.80 with a mean absolute deviation of 1.07, mean absolute percentage error of 1.84, and the sum of the absolute errors of 65.50.

EDISON INTL Stock Forecast Pattern

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EDISON INTL Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of EDISON INTL stock data series using in forecasting. Note that when a statistical model is used to represent EDISON INTL 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. In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as EDISON INTL historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for EDISON INTL

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EDISON INTL. 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 81.70 82.58 83.46 Details

Intrinsic Valuation Low Real High 79.81 80.69 90.84 Details

Bollinger Band Projection (param) Low Middle High 80.69 82.09 83.48 Details

Other Forecasting Options for EDISON INTL

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

EDISON INTL Related Equities

Risk & Return

Correlation

EDISON INTL 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 EDISON INTL'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 EDISON INTL's current price.

EDISON INTL Market Strength Events

EDISON INTL Risk Indicators

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