Petrosea Tbk Stock Forecast - Simple Exponential Smoothing

Petrosea Tbk simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Petrosea Tbk are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Petrosea Tbk prices get older.

Petrosea Tbk Simple Exponential Smoothing Price Forecast For the 13th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Petrosea Tbk on the next trading day is expected to be 26,400 with a mean absolute deviation of 527.87, mean absolute percentage error of 545,656, and the sum of the absolute errors of 32,200.

Petrosea Tbk Stock Forecast Pattern

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Petrosea Tbk stock data series using in forecasting. Note that when a statistical model is used to represent Petrosea Tbk 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. This simple exponential smoothing model begins by setting Petrosea Tbk forecast for the second period equal to the observation of the first period. In other words, recent Petrosea Tbk observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Petrosea Tbk

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Petrosea Tbk. 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 26,396 26,400 26,404 Details

Intrinsic Valuation Low Real High 19,755 19,760 29,040 Details

Bollinger Band Projection (param) Low Middle High 16,387 21,807 27,228 Details

Other Forecasting Options for Petrosea Tbk

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

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Correlation

Petrosea Tbk 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 Petrosea Tbk'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 Petrosea Tbk's current price.

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