Walgreens Boots Stock Forecast - Simple Exponential Smoothing

Walgreens Boots 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 Walgreens Boots Alliance are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Walgreens Boots Alliance prices get older.

Walgreens Boots Simple Exponential Smoothing Price Forecast For the 12th of December 2024

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Walgreens Boots Alliance on the next trading day is expected to be 8.36 with a mean absolute deviation of 0.19, mean absolute percentage error of 0.07, and the sum of the absolute errors of 11.88.

Walgreens Boots 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 Walgreens Boots stock data series using in forecasting. Note that when a statistical model is used to represent Walgreens Boots 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 Walgreens Boots Alliance forecast for the second period equal to the observation of the first period. In other words, recent Walgreens Boots observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Walgreens Boots

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Walgreens Boots Alliance. 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 5.19 8.36 11.53 Details

Intrinsic Valuation Low Real High 3.88 7.05 10.22 Details

Bollinger Band Projection (param) Low Middle High 7.79 8.29 8.80 Details

Other Forecasting Options for Walgreens Boots

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

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Walgreens Boots Alliance 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 Walgreens Boots' 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 Walgreens Boots' current price.

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