General Electric 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 General Electric works best with periods where there are trends or seasonality.

General Electric Double Exponential Smoothing Price Forecast For the 15th of December 2024

Given 90 days horizon, the Double Exponential Smoothing forecasted value of General Electric on the next trading day is expected to be 991.48 with a mean absolute deviation of 17.57, mean absolute percentage error of 647.88, and the sum of the absolute errors of 1,036.

General Electric Stock Forecast Pattern

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

Predictive Modules for General Electric

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as General Electric. 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 999.43 1,002 1,004 Details

Intrinsic Valuation Low Real High 858.23 860.47 1,102 Details

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

Other Forecasting Options for General Electric

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

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General Electric 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 General Electric'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 General Electric's current price.

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

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