Pratama Abadi Stock Forecast - Naive Prediction

A naive forecasting model for Pratama Abadi is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Pratama Abadi Nusa value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Pratama Abadi Naive Prediction Price Forecast For the 29th of December

Given 90 days horizon, the Naive Prediction forecasted value of Pratama Abadi Nusa on the next trading day is expected to be 13,231 with a mean absolute deviation of 749.66, mean absolute percentage error of 839,439, and the sum of the absolute errors of 45,729.

Pratama Abadi Stock Forecast Pattern

Backtest Pratama Abadi

Pratama Abadi Price Prediction

Buy or Sell Advice

Pratama Abadi Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Pratama Abadi stock data series using in forecasting. Note that when a statistical model is used to represent Pratama Abadi 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 model is not at all useful as a medium-long range forecasting tool of Pratama Abadi Nusa. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Pratama Abadi. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Pratama Abadi

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pratama Abadi Nusa. 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 15,970 15,975 15,980 Details

Intrinsic Valuation Low Real High 15,100 15,104 17,572 Details

Other Forecasting Options for Pratama Abadi

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

Pratama Abadi Related Equities

Risk & Return

Correlation

Pratama Abadi Nusa 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 Pratama Abadi'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 Pratama Abadi's current price.

Pratama Abadi Market Strength Events

Pratama Abadi Risk Indicators

Other Information on Investing in Pratama Stock