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

TMBThanachart Bank Double Exponential Smoothing Price Forecast For the 28th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of TMBThanachart Bank Public on the next trading day is expected to be 0.03 with a mean absolute deviation of 0, mean absolute percentage error of 0.000051, and the sum of the absolute errors of 0.22.

TMBThanachart Bank Stock Forecast Pattern

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TMBThanachart Bank Forecasted Value

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

Predictive Modules for TMBThanachart Bank

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TMBThanachart Bank Public. 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 0.00 0.03 22.89 Details

Intrinsic Valuation Low Real High 0.00 0.03 22.89 Details

Bollinger Band Projection (param) Low Middle High 0.03 0.03 0.04 Details

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

Other Forecasting Options for TMBThanachart Bank

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

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TMBThanachart Bank Public 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 TMBThanachart Bank'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 TMBThanachart Bank's current price.

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