The Double Exponential Smoothing forecasted value of Fabled Copper Corp on the next trading day is expected to be 0.03 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Fabled Pink Sheet Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Fabled Copper's historical fundamentals, such as revenue growth or operating cash flow patterns.
Fabled
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 Fabled Copper works best with periods where there are trends or seasonality.
Fabled Copper Double Exponential Smoothing Price Forecast For the 5th of March
Given 90 days horizon, the Double Exponential Smoothing forecasted value of Fabled Copper Corp on the next trading day is expected to be 0.03 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.
Please note that although there have been many attempts to predict Fabled Pink Sheet prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Fabled Copper's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
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 Fabled Copper pink sheet data series using in forecasting. Note that when a statistical model is used to represent Fabled Copper pink sheet, 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.
AIC
Akaike Information Criteria
Huge
Bias
Arithmetic mean of the errors
None
MAD
Mean absolute deviation
0.0
MAPE
Mean absolute percentage error
0.0
SAE
Sum of the absolute errors
0.0
When Fabled Copper Corp 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 Fabled Copper Corp 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 Fabled Copper observations are given relatively more weight in forecasting than the older observations.
Predictive Modules for Fabled Copper
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fabled Copper Corp. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.
Market strength indicators help investors to evaluate how Fabled Copper pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fabled Copper shares will generate the highest return on investment. By undertsting and applying Fabled Copper pink sheet market strength indicators, traders can identify Fabled Copper Corp entry and exit signals to maximize returns.
Other Information on Investing in Fabled Pink Sheet
Fabled Copper financial ratios help investors to determine whether Fabled Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fabled with respect to the benefits of owning Fabled Copper security.