Transatlantic Mining Stock Forecast - Simple Exponential Smoothing

Transatlantic Mining 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 Transatlantic Mining Corp are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Transatlantic Mining Corp prices get older.

Transatlantic Mining Simple Exponential Smoothing Price Forecast For the 28th of November

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Transatlantic Mining Corp on the next trading day is expected to be 0.11 with a mean absolute deviation of 0.01, mean absolute percentage error of 0.000089, and the sum of the absolute errors of 0.40.

Transatlantic Mining Stock Forecast Pattern

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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 Transatlantic Mining stock data series using in forecasting. Note that when a statistical model is used to represent Transatlantic Mining 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. This simple exponential smoothing model begins by setting Transatlantic Mining Corp forecast for the second period equal to the observation of the first period. In other words, recent Transatlantic Mining observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Transatlantic Mining

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Transatlantic Mining Corp. 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 0.01 0.12 11.80 Details

Intrinsic Valuation Low Real High 0.00 0.09 11.77 Details

Bollinger Band Projection (param) Low Middle High 0.06 0.09 0.12 Details

Other Forecasting Options for Transatlantic Mining

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

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Transatlantic Mining Corp 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 Transatlantic Mining'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 Transatlantic Mining's current price.

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