## Abstract

We evaluate Range Resources prediction models with Ensemble Learning (ML) and Stepwise Regression1,2,3,4 and conclude that the RRC stock is predictable in the short/long term. According to price forecasts for (n+6 month) period: The dominant strategy among neural network is to Buy RRC stock.

Keywords: RRC, Range Resources, stock forecast, machine learning based prediction, risk rating, buy-sell behaviour, stock analysis, target price analysis, options and futures.

## Key Points

1. Why do we need predictive models?
2. Buy, Sell and Hold Signals
3. How do you decide buy or sell a stock?

## RRC Target Price Prediction Modeling Methodology

We consider Range Resources Stock Decision Process with Stepwise Regression where A is the set of discrete actions of RRC stock holders, F is the set of discrete states, P : S × F × S → R is the transition probability distribution, R : S × F → R is the reaction function, and γ ∈ [0, 1] is a move factor for expectation.1,2,3,4

F(Stepwise Regression)5,6,7= $\begin{array}{cccc}{p}_{a1}& {p}_{a2}& \dots & {p}_{1n}\\ & ⋮\\ {p}_{j1}& {p}_{j2}& \dots & {p}_{jn}\\ & ⋮\\ {p}_{k1}& {p}_{k2}& \dots & {p}_{kn}\\ & ⋮\\ {p}_{n1}& {p}_{n2}& \dots & {p}_{nn}\end{array}$ X R(Ensemble Learning (ML)) X S(n):→ (n+6 month) $\stackrel{\to }{S}=\left({s}_{1},{s}_{2},{s}_{3}\right)$

n:Time series to forecast

p:Price signals of RRC stock

j:Nash equilibria

k:Dominated move

a:Best response for target price

For further technical information as per how our model work we invite you to visit the article below:

How do AC Investment Research machine learning (predictive) algorithms actually work?

## RRC Stock Forecast (Buy or Sell) for (n+6 month)

Sample Set: Neural Network
Stock/Index: RRC Range Resources
Time series to forecast n: 04 Sep 2022 for (n+6 month)

According to price forecasts for (n+6 month) period: The dominant strategy among neural network is to Buy RRC stock.

X axis: *Likelihood% (The higher the percentage value, the more likely the event will occur.)

Y axis: *Potential Impact% (The higher the percentage value, the more likely the price will deviate.)

Z axis (Yellow to Green): *Technical Analysis%

## Conclusions

Range Resources assigned short-term B1 & long-term B1 forecasted stock rating. We evaluate the prediction models Ensemble Learning (ML) with Stepwise Regression1,2,3,4 and conclude that the RRC stock is predictable in the short/long term. According to price forecasts for (n+6 month) period: The dominant strategy among neural network is to Buy RRC stock.

### Financial State Forecast for RRC Stock Options & Futures

Rating Short-Term Long-Term Senior
Outlook*B1B1
Operational Risk 8173
Market Risk7159
Technical Analysis3341
Fundamental Analysis6570
Risk Unsystematic5046

### Prediction Confidence Score

Trust metric by Neural Network: 90 out of 100 with 635 signals.

## References

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3. Scholkopf B, Smola AJ. 2001. Learning with Kernels: Support Vector Machines, Regularization, Optimization, and Beyond. Cambridge, MA: MIT Press
4. Wan M, Wang D, Goldman M, Taddy M, Rao J, et al. 2017. Modeling consumer preferences and price sensitiv- ities from large-scale grocery shopping transaction logs. In Proceedings of the 26th International Conference on the World Wide Web, pp. 1103–12. New York: ACM
5. F. A. Oliehoek, M. T. J. Spaan, and N. A. Vlassis. Optimal and approximate q-value functions for decentralized pomdps. J. Artif. Intell. Res. (JAIR), 32:289–353, 2008
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7. Bai J, Ng S. 2002. Determining the number of factors in approximate factor models. Econometrica 70:191–221
Frequently Asked QuestionsQ: What is the prediction methodology for RRC stock?
A: RRC stock prediction methodology: We evaluate the prediction models Ensemble Learning (ML) and Stepwise Regression
Q: Is RRC stock a buy or sell?
A: The dominant strategy among neural network is to Buy RRC Stock.
Q: Is Range Resources stock a good investment?
A: The consensus rating for Range Resources is Buy and assigned short-term B1 & long-term B1 forecasted stock rating.
Q: What is the consensus rating of RRC stock?
A: The consensus rating for RRC is Buy.
Q: What is the prediction period for RRC stock?
A: The prediction period for RRC is (n+6 month)