Alfa Laval Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Alfa Laval - 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 Alfa Laval 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 Alfa Laval price movement. However, neither of these exponential smoothing models address any seasonality of Alfa Laval AB.

Alfa Laval Triple Exponential Smoothing Price Forecast For the 30th of November

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Alfa Laval AB on the next trading day is expected to be 465.19 with a mean absolute deviation of 4.54, mean absolute percentage error of 32.45, and the sum of the absolute errors of 267.98.

Alfa Laval Stock Forecast Pattern

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Alfa Laval 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 Alfa Laval stock data series using in forecasting. Note that when a statistical model is used to represent Alfa Laval 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 Alfa Laval 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 Alfa Laval AB observations.

Predictive Modules for Alfa Laval

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alfa Laval AB. 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 464.57 465.80 467.03 Details

Intrinsic Valuation Low Real High 412.22 413.45 512.38 Details

Bollinger Band Projection (param) Low Middle High 459.27 471.05 482.83 Details

Other Forecasting Options for Alfa Laval

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

Alfa Laval Related Equities

Risk & Return

Correlation

Alfa Laval AB 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 Alfa Laval'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 Alfa Laval's current price.

Alfa Laval Market Strength Events

Alfa Laval Risk Indicators

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