Investors can use this prediction interface to forecast Taylor Wimpey historic prices and determine the direction of Taylor Wimpey Plc ADR 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 Taylor Wimpey historical fundamentals such as revenue growth or operating cash flow patterns. Also please take a look at Historical Fundamental Analysis of Taylor Wimpey to cross-verify your projections.
Double exponential smoothing - also known as Holt exponential smoothing is a refinement of the popular simple exponential smoothing model with an additional trending component. Double exponential smoothing model for Taylor Wimpey works best with periods where there are trends or seasonality.
When Taylor Wimpey Plc ADR 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 Taylor Wimpey Plc ADR trend in the prices. So in double exponential smoothing past observations are given exponentially smaller weights as the observations get older. In other words, recent Taylor Wimpey observations are given relatively more weight in forecasting than the older observations.