Home Depot Polynomial Regression

The Home Depot Inc -- USA Stock  

USD 165.47  2.27  1.35%

Investors can use this prediction interface to forecast Home Depot historic prices and determine the direction of The Home Depot Inc 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 Home Depot historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of The Home Depot Inc systematic risks associated with finding meaningful patterns of Home Depot fundamentals over time. Please also check Historical Fundamental Analysis of Home Depot to cross-verify your projections.
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Investment Horizon     30 Days    Login   to change
Home Depot polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for The Home Depot Inc as well as the accuracy indicators are determined from the period prices.
Given 30 days horizon, the value of The Home Depot Inc on the next trading day is expected to be 166.761013

The Home Depot Prediction Pattern

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Home Depot Forecasted Value

November 18, 2017
165.47
Market Value
Downside upside
Downside
164.23
166.76
Next Trading Day Expected Value
Target Price Odds
 Above  Below  
169.29
Upside
Upside upside

Model Predictive Factors

AICAkaike Information Criteria39.0132
BiasArithmetic mean of the errors None
MADMean absolute deviation0.8315
MAPEMean absolute percentage error0.005
SAESum of the absolute errors14.9662
A single variable polynomial regression model attempts to put a curve through the Home Depot 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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Home Depot Risk Indicators