CECO ENVIRONMENTAL Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for CECO ENVIRONMENTAL - 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 CECO ENVIRONMENTAL 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 CECO ENVIRONMENTAL price movement. However, neither of these exponential smoothing models address any seasonality of CECO ENVIRONMENTAL.

CECO ENVIRONMENTAL Triple Exponential Smoothing Price Forecast For the 27th of November

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of CECO ENVIRONMENTAL on the next trading day is expected to be 31.34 with a mean absolute deviation of 0.64, mean absolute percentage error of 0.96, and the sum of the absolute errors of 37.65.

CECO ENVIRONMENTAL Stock Forecast Pattern

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CECO ENVIRONMENTAL Forecasted Value

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 CECO ENVIRONMENTAL stock data series using in forecasting. Note that when a statistical model is used to represent CECO ENVIRONMENTAL 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. As with simple exponential smoothing, in triple exponential smoothing models past CECO ENVIRONMENTAL 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 CECO ENVIRONMENTAL observations.

Predictive Modules for CECO ENVIRONMENTAL

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CECO ENVIRONMENTAL. 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 25.95 29.84 33.73 Details

Intrinsic Valuation Low Real High 19.01 22.90 32.82 Details

Other Forecasting Options for CECO ENVIRONMENTAL

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

CECO ENVIRONMENTAL Related Equities

Risk & Return

Correlation

CECO ENVIRONMENTAL 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 CECO ENVIRONMENTAL'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 CECO ENVIRONMENTAL's current price.

CECO ENVIRONMENTAL Market Strength Events

CECO ENVIRONMENTAL Risk Indicators

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