Ignyte Acquisition Pink Sheet Forecast - Polynomial Regression

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

Ignyte Acquisition Polynomial Regression Price Forecast For the 29th of November

Given 90 days horizon, the Polynomial Regression forecasted value of Ignyte Acquisition Corp on the next trading day is expected to be 1.56 with a mean absolute deviation of 0.44, mean absolute percentage error of 0.28, and the sum of the absolute errors of 26.17.

Ignyte Acquisition 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 Ignyte Acquisition pink sheet data series using in forecasting. Note that when a statistical model is used to represent Ignyte Acquisition 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 Ignyte Acquisition 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 Ignyte Acquisition

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ignyte Acquisition 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 1.31 1.31 1.31 Details

Intrinsic Valuation Low Real High 1.24 1.24 1.44 Details

Bollinger Band Projection (param) Low Middle High 1.18 1.45 1.72 Details

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

Ignyte Acquisition Related Equities

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