Bank Panin Stock 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 Bank Panin works best with periods where there are trends or seasonality.

Bank Panin Double Exponential Smoothing Price Forecast For the 27th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of Bank Panin Syariah on the next trading day is expected to be 50.96 with a mean absolute deviation of 0.70, mean absolute percentage error of 0.87, and the sum of the absolute errors of 41.22.

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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 Bank Panin stock data series using in forecasting. Note that when a statistical model is used to represent Bank Panin 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. When Bank Panin Syariah 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 Bank Panin Syariah 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 Bank Panin observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Bank Panin

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bank Panin Syariah. 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 48.07 50.00 51.93 Details

Intrinsic Valuation Low Real High 41.75 43.68 55.00 Details

Other Forecasting Options for Bank Panin

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

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Bank Panin Syariah 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 Bank Panin'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 Bank Panin's current price.

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