Anglo American OTC Stock Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Anglo American - 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 Anglo American 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 Anglo American price movement. However, neither of these exponential smoothing models address any seasonality of Anglo American plc.

Anglo American Triple Exponential Smoothing Price Forecast For the 13th of December 2024

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Anglo American plc on the next trading day is expected to be 31.19 with a mean absolute deviation of 0.51, mean absolute percentage error of 0.70, and the sum of the absolute errors of 29.91.

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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 Anglo American otc stock data series using in forecasting. Note that when a statistical model is used to represent Anglo American otc 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 Anglo American 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 Anglo American plc observations.

Predictive Modules for Anglo American

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Anglo American plc. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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 28.46 31.15 33.84 Details

Intrinsic Valuation Low Real High 26.48 29.17 31.86 Details

Bollinger Band Projection (param) Low Middle High 28.62 31.01 33.41 Details

Other Forecasting Options for Anglo American

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

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Anglo American plc Technical and Predictive Analytics

The otc stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Anglo American'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 Anglo American's current price.

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