Abbott Laboratories Stock Forecast - Triple Exponential Smoothing

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

Abbott Laboratories Triple Exponential Smoothing Price Forecast For the 23rd of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Abbott Laboratories on the next trading day is expected to be 107.91 with a mean absolute deviation of 1.12, mean absolute percentage error of 2.43, and the sum of the absolute errors of 65.82.

Abbott Laboratories Stock Forecast Pattern

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Abbott Laboratories 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 Abbott Laboratories stock data series using in forecasting. Note that when a statistical model is used to represent Abbott Laboratories 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 Abbott Laboratories 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 Abbott Laboratories observations.

Predictive Modules for Abbott Laboratories

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Abbott Laboratories. 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 106.72 108.06 109.40 Details

Intrinsic Valuation Low Real High 105.96 107.30 108.65 Details

Bollinger Band Projection (param) Low Middle High 105.77 109.66 113.55 Details

Other Forecasting Options for Abbott Laboratories

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

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Risk & Return

Correlation

Abbott Laboratories 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 Abbott Laboratories' 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 Abbott Laboratories' current price.

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Additional Information and Resources on Investing in Abbott Stock

When determining whether Abbott Laboratories is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Abbott Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Abbott Laboratories Stock. Highlighted below are key reports to facilitate an investment decision about Abbott Laboratories Stock:

How To Invest In Abbott Details

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What is Abbott Laboratories' Net Worth? Details

Largest Health Care Equipment & Supplies Companies View

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Altman Z Score Details

Intrinsic Valuation Details

Financial Analysis Details

Buy or Sell Advice Details

Technical Analysis Details

Please note, there is a significant difference between Abbott Laboratories' value and its price as these two are different measures arrived at by different means. Investors typically determine if Abbott Laboratories is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abbott Laboratories' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.