Bharat Immunologicals Polynomial Regression

BIBCL -- India Stock  

INR 15.15  0.20  1.34%

Investors can use this prediction interface to forecast Bharat Immunologicals historic prices and determine the direction of Bharat Immunologicals Biologicals Corp Ltd future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Bharat Immunologicals historical fundamentals such as revenue growth or operating cash flow patterns. Check also Historical Fundamental Analysis of Bharat Immunologicals to cross-verify your projections.
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 Time Horizon     30 Days    Login   to change
Bharat Immunologicals polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Bharat Immunologicals Biologicals Corp Ltd as well as the accuracy indicators are determined from the period prices.
Given 30 days horizon, the value of Bharat Immunologicals Biologicals Corp Ltd on the next trading day is expected to be 13.835294

Bharat Immunologicals Prediction Pattern

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Bharat Immunologicals Forecasted Value

July 20, 2018
15.15
Market Value
13.84
Next Trading Day Expected Value
Target Odds
  
26.42
Upside

Model Predictive Factors

AICAkaike Information Criteria35.9207
BiasArithmetic mean of the errors None
MADMean absolute deviation0.4017
MAPEMean absolute percentage error0.0235
SAESum of the absolute errors6.8283
A single variable polynomial regression model attempts to put a curve through the Bharat Immunologicals historical price points. Mathematically, assuming the independent variable is X and the dependent variable is Y, this line can be indicated as: Y = a0 + a1*X + a2*X2 + a3*X3 + ... + am*Xm
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