PETRONE WORLDWIDE Triple Exponential Smoothing

PFWIQ -- USA Stock  

USD 0.0001  0.00  0.00%

Investors can use this prediction interface to forecast PETRONE WORLDWIDE historic prices and determine the direction of PETRONE WORLDWIDE 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 PETRONE WORLDWIDE historical fundamentals such as revenue growth or operating cash flow patterns. Additionally take a look at Historical Fundamental Analysis of PETRONE WORLDWIDE to cross-verify your projections.
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Horizon     30 Days    Login   to change
Triple exponential smoothing for PETRONE WORLDWIDE - 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 PETRONE WORLDWIDE 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 PETRONE WORLDWIDE price movement. However, neither of these exponential smoothing models address any seasonality of PETRONE WORLDWIDE INC.
Given 30 days horizon, the value of PETRONE WORLDWIDE INC on the next trading day is expected to be 1.0E-4

PETRONE WORLDWIDE INC Prediction Pattern

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PETRONE WORLDWIDE Forecasted Value

November 20, 2019
0.0001
Market Value
0.000001
Downside
0.0001
Expected Value
553.45
Upside

Model Predictive Factors

AICAkaike Information CriteriaHuge
BiasArithmetic mean of the errors None
MADMean absolute deviation0.0
MAPEMean absolute percentage error3.3083
SAESum of the absolute errors3.0E-4
As with simple exponential smoothing, in triple exponential smoothing models past PETRONE WORLDWIDE 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 PETRONE WORLDWIDE INC observations.

Volatility Measures

PETRONE WORLDWIDE Risk Indicators

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