Eastern Platinum Pink Sheet 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 Eastern Platinum works best with periods where there are trends or seasonality.

Eastern Platinum Double Exponential Smoothing Price Forecast For the 13th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Eastern Platinum Limited on the next trading day is expected to be 0.10 with a mean absolute deviation of 0, mean absolute percentage error of 0.000054, and the sum of the absolute errors of 0.29.

Eastern Platinum Pink Sheet Forecast Pattern

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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 Eastern Platinum pink sheet data series using in forecasting. Note that when a statistical model is used to represent Eastern Platinum 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. When Eastern Platinum Limited 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 Eastern Platinum Limited 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 Eastern Platinum observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Eastern Platinum

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastern Platinum. 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 0.01 0.10 6.39 Details

Intrinsic Valuation Low Real High 0.00 0.09 6.38 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Eastern Platinum. Your research has to be compared to or analyzed against Eastern Platinum's peers to derive any actionable benefits. When done correctly, Eastern Platinum's 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 Eastern Platinum.

Other Forecasting Options for Eastern Platinum

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

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Eastern Platinum 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 Eastern Platinum'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 Eastern Platinum's current price.

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