The Double Exponential Smoothing forecasted value of HempAmericana on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0.00000678 and the sum of the absolute errors of 0.0004. HempAmericana Pink Sheet Forecast is based on your current time horizon.
HempAmericana
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 HempAmericana works best with periods where there are trends or seasonality.
HempAmericana Double Exponential Smoothing Price Forecast For the 19th of February
Given 90 days horizon, the Double Exponential Smoothing forecasted value of HempAmericana on the next trading day is expected to be 0.0001 with a mean absolute deviation of 0.00000678, mean absolute percentage error of 0, and the sum of the absolute errors of 0.0004.
Please note that although there have been many attempts to predict HempAmericana 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 HempAmericana's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
In the context of forecasting HempAmericana's Pink Sheet value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. HempAmericana's downside and upside margins for the forecasting period are 0.000001 and 184.07, respectively. We have considered HempAmericana's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
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 HempAmericana pink sheet data series using in forecasting. Note that when a statistical model is used to represent HempAmericana 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
4.0E-4
When HempAmericana 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 HempAmericana 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 HempAmericana observations are given relatively more weight in forecasting than the older observations.
Predictive Modules for HempAmericana
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as HempAmericana. 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.
For every potential investor in HempAmericana, whether a beginner or expert, HempAmericana's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. HempAmericana Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in HempAmericana. Basic forecasting techniques help filter out the noise by identifying HempAmericana's price trends.
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of HempAmericana'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 HempAmericana's current price.
Market strength indicators help investors to evaluate how HempAmericana 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 HempAmericana shares will generate the highest return on investment. By undertsting and applying HempAmericana pink sheet market strength indicators, traders can identify HempAmericana entry and exit signals to maximize returns.
Additional Tools for HempAmericana Pink Sheet Analysis
When running HempAmericana's price analysis, check to measure HempAmericana's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HempAmericana is operating at the current time. Most of HempAmericana's value examination focuses on studying past and present price action to predict the probability of HempAmericana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HempAmericana's price. Additionally, you may evaluate how the addition of HempAmericana to your portfolios can decrease your overall portfolio volatility.