Bayan Resources Stock Forecast - Triple Exponential Smoothing

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

Bayan Resources Triple Exponential Smoothing Price Forecast For the 1st of December

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Bayan Resources Tbk on the next trading day is expected to be 19,740 with a mean absolute deviation of 129.89, mean absolute percentage error of 52,971, and the sum of the absolute errors of 7,793.

Bayan Resources Stock Forecast Pattern

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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 Bayan Resources stock data series using in forecasting. Note that when a statistical model is used to represent Bayan Resources 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 Bayan Resources 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 Bayan Resources Tbk observations.

Predictive Modules for Bayan Resources

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bayan Resources 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 19,574 19,575 19,576 Details

Intrinsic Valuation Low Real High 15,854 15,856 21,532 Details

Bollinger Band Projection (param) Low Middle High 17,391 18,842 20,294 Details

Other Forecasting Options for Bayan Resources

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

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Risk & Return

Correlation

Bayan Resources 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 Bayan Resources' 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 Bayan Resources' current price.

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