Prairie Provident Pink Sheet Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Prairie Provident - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Prairie Provident 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 trend in Prairie Provident price movement. However, neither of these exponential smoothing models address any seasonality of Prairie Provident.

Prairie Provident Triple Exponential Smoothing Price Forecast For the 24th of November

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Prairie Provident Resources on the next trading day is expected to be 0.02 with a mean absolute deviation of 0, mean absolute percentage error of 0.000011, and the sum of the absolute errors of 0.14.

Prairie Provident Pink Sheet Forecast Pattern

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Prairie Provident pink sheet data series using in forecasting. Note that when a statistical model is used to represent Prairie Provident 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. As with simple exponential smoothing, in triple exponential smoothing models past Prairie Provident observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Prairie Provident Resources observations.

Predictive Modules for Prairie Provident

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prairie Provident. 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 0.00 0.02 13.29 Details

Intrinsic Valuation Low Real High 0.00 0.02 13.29 Details

Bollinger Band Projection (param) Low Middle High 0.02 0.02 0.03 Details

Other Forecasting Options for Prairie Provident

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

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Prairie Provident 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 Prairie Provident'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 Prairie Provident's current price.

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