MEG Energy Pink Sheet Forecast - Double Exponential Smoothing

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 MEG Energy works best with periods where there are trends or seasonality.

MEG Energy Double Exponential Smoothing Price Forecast For the 8th of November

Given 90 days horizon, the Double Exponential Smoothing forecasted value of MEG Energy Corp on the next trading day is expected to be 21.11 with a mean absolute deviation of 0.20, mean absolute percentage error of 0.08, and the sum of the absolute errors of 11.93.

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Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Double Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of MEG Energy pink sheet data series using in forecasting. Note that when a statistical model is used to represent MEG Energy pink sheet, 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. When MEG Energy Corp 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 MEG Energy Corp 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 MEG Energy observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for MEG Energy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MEG Energy Corp. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 19.71 21.10 22.49 Details

Intrinsic Valuation Low Real High 19.40 20.79 22.18 Details

Bollinger Band Projection (param) Low Middle High 20.78 21.04 21.30 Details

Other Forecasting Options for MEG Energy

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

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MEG Energy Corp Technical and Predictive Analytics

The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of MEG Energy's 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 MEG Energy's current price.

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