**Outlook:**BCE Inc. is assigned short-term Ba1 & long-term Ba1 estimated rating.

**Dominant Strategy :**Sell

**Time series to forecast n: 17 May 2023**for (n+8 weeks)

**Methodology :**Modular Neural Network (DNN Layer)

## Abstract

BCE Inc. prediction model is evaluated with Modular Neural Network (DNN Layer) and Spearman Correlation^{1,2,3,4}and it is concluded that the BCE:TSX stock is predictable in the short/long term.

**According to price forecasts for (n+8 weeks) period, the dominant strategy among neural network is: Sell**

## Key Points

- What are the most successful trading algorithms?
- Is it better to buy and sell or hold?
- Market Outlook

## BCE:TSX Target Price Prediction Modeling Methodology

We consider BCE Inc. Decision Process with Modular Neural Network (DNN Layer) where A is the set of discrete actions of BCE:TSX 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(Spearman Correlation)

^{5,6,7}= $\begin{array}{cccc}{p}_{\mathrm{a}1}& {p}_{\mathrm{a}2}& \dots & {p}_{1n}\\ & \vdots \\ {p}_{j1}& {p}_{j2}& \dots & {p}_{jn}\\ & \vdots \\ {p}_{k1}& {p}_{k2}& \dots & {p}_{kn}\\ & \vdots \\ {p}_{n1}& {p}_{n2}& \dots & {p}_{nn}\end{array}$ X R(Modular Neural Network (DNN Layer)) X S(n):→ (n+8 weeks) $\overrightarrow{R}=\left({r}_{1},{r}_{2},{r}_{3}\right)$

n:Time series to forecast

p:Price signals of BCE:TSX stock

j:Nash equilibria (Neural Network)

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?

## BCE:TSX Stock Forecast (Buy or Sell) for (n+8 weeks)

**Sample Set:**Neural Network

**Stock/Index:**BCE:TSX BCE Inc.

**Time series to forecast n: 17 May 2023**for (n+8 weeks)

**According to price forecasts for (n+8 weeks) period, the dominant strategy among neural network is: Sell**

**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 (Grey to Black): *Technical Analysis%**

## IFRS Reconciliation Adjustments for BCE Inc.

- An entity shall assess whether contractual cash flows are solely payments of principal and interest on the principal amount outstanding for the currency in which the financial asset is denominated.
- For the purposes of measuring expected credit losses, the estimate of expected cash shortfalls shall reflect the cash flows expected from collateral and other credit enhancements that are part of the contractual terms and are not recognised separately by the entity. The estimate of expected cash shortfalls on a collateralised financial instrument reflects the amount and timing of cash flows that are expected from foreclosure on the collateral less the costs of obtaining and selling the collateral, irrespective of whether foreclosure is probable (ie the estimate of expected cash flows considers the probability of a foreclosure and the cash flows that would result from it). Consequently, any cash flows that are expected from the realisation of the collateral beyond the contractual maturity of the contract should be included in this analysis. Any collateral obtained as a result of foreclosure is not recognised as an asset that is separate from the collateralised financial instrument unless it meets the relevant recognition criteria for an asset in this or other Standards.
- When measuring a loss allowance for a lease receivable, the cash flows used for determining the expected credit losses should be consistent with the cash flows used in measuring the lease receivable in accordance with IFRS 16 Leases.
- The following are examples of when the objective of the entity's business model may be achieved by both collecting contractual cash flows and selling financial assets. This list of examples is not exhaustive. Furthermore, the examples are not intended to describe all the factors that may be relevant to the assessment of the entity's business model nor specify the relative importance of the factors.

*International Financial Reporting Standards (IFRS) adjustment process involves reviewing the company's financial statements and identifying any differences between the company's current accounting practices and the requirements of the IFRS. If there are any such differences, neural network makes adjustments to financial statements to bring them into compliance with the IFRS.

## Conclusions

BCE Inc. is assigned short-term Ba1 & long-term Ba1 estimated rating. BCE Inc. prediction model is evaluated with Modular Neural Network (DNN Layer) and Spearman Correlation^{1,2,3,4} and it is concluded that the BCE:TSX stock is predictable in the short/long term. ** According to price forecasts for (n+8 weeks) period, the dominant strategy among neural network is: Sell**

### BCE:TSX BCE Inc. Financial Analysis*

Rating | Short-Term | Long-Term Senior |
---|---|---|

Outlook* | Ba1 | Ba1 |

Income Statement | Baa2 | B3 |

Balance Sheet | B1 | C |

Leverage Ratios | C | B1 |

Cash Flow | Caa2 | Baa2 |

Rates of Return and Profitability | Baa2 | Ba3 |

*Financial analysis is the process of evaluating a company's financial performance and position by neural network. It involves reviewing the company's financial statements, including the balance sheet, income statement, and cash flow statement, as well as other financial reports and documents.

How does neural network examine financial reports and understand financial state of the company?

### Prediction Confidence Score

## References

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- V. Borkar. Stochastic approximation: a dynamical systems viewpoint. Cambridge University Press, 2008
- Hastie T, Tibshirani R, Wainwright M. 2015. Statistical Learning with Sparsity: The Lasso and Generalizations. New York: CRC Press
- Chow, G. C. (1960), "Tests of equality between sets of coefficients in two linear regressions," Econometrica, 28, 591–605.
- J. Spall. Multivariate stochastic approximation using a simultaneous perturbation gradient approximation. IEEE Transactions on Automatic Control, 37(3):332–341, 1992.
- Imbens GW, Lemieux T. 2008. Regression discontinuity designs: a guide to practice. J. Econom. 142:615–35
- Akgiray, V. (1989), "Conditional heteroscedasticity in time series of stock returns: Evidence and forecasts," Journal of Business, 62, 55–80.

## Frequently Asked Questions

Q: What is the prediction methodology for BCE:TSX stock?A: BCE:TSX stock prediction methodology: We evaluate the prediction models Modular Neural Network (DNN Layer) and Spearman Correlation

Q: Is BCE:TSX stock a buy or sell?

A: The dominant strategy among neural network is to Sell BCE:TSX Stock.

Q: Is BCE Inc. stock a good investment?

A: The consensus rating for BCE Inc. is Sell and is assigned short-term Ba1 & long-term Ba1 estimated rating.

Q: What is the consensus rating of BCE:TSX stock?

A: The consensus rating for BCE:TSX is Sell.

Q: What is the prediction period for BCE:TSX stock?

A: The prediction period for BCE:TSX is (n+8 weeks)