Petrosea Tbk Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Petrosea Tbk - 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 Petrosea Tbk 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 Petrosea Tbk price movement. However, neither of these exponential smoothing models address any seasonality of Petrosea Tbk.

Petrosea Tbk Triple Exponential Smoothing Price Forecast For the 4th of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Petrosea Tbk on the next trading day is expected to be 22,012 with a mean absolute deviation of 477.30, mean absolute percentage error of 471,740, and the sum of the absolute errors of 28,161.

Petrosea Tbk Stock Forecast Pattern

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Petrosea Tbk 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 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. As with simple exponential smoothing, in triple exponential smoothing models past Petrosea Tbk 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 Petrosea Tbk 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 21,796 21,800 21,804 Details

Intrinsic Valuation Low Real High 16,192 16,196 23,980 Details

Bollinger Band Projection (param) Low Middle High 18,391 19,481 20,571 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.

Petrosea Tbk Market Strength Events

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