South32 Pink Sheet Forecast - Simple Exponential Smoothing

South32 simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for South32 Limited are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as South32 Limited prices get older.

South32 Simple Exponential Smoothing Price Forecast For the 25th of November

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of South32 Limited on the next trading day is expected to be 2.46 with a mean absolute deviation of 0.02, mean absolute percentage error of 0, and the sum of the absolute errors of 1.49.

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of South32 pink sheet data series using in forecasting. Note that when a statistical model is used to represent South32 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. This simple exponential smoothing model begins by setting South32 Limited forecast for the second period equal to the observation of the first period. In other words, recent South32 observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for South32

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as South32 Limited. 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 0.12 2.46 5.91 Details

Intrinsic Valuation Low Real High 0.10 1.94 5.39 Details

Bollinger Band Projection (param) Low Middle High 2.38 2.44 2.50 Details

Other Forecasting Options for South32

For every potential investor in South32, whether a beginner or expert, South32's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. South32 Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in South32. Basic forecasting techniques help filter out the noise by identifying South32's price trends.

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South32 Limited 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 South32'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 South32's current price.

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