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Results for Copper Scrap Price Predictions - July 13th, 2021 and July 15th, 2021

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by - 7/16/2021 1222 Views

Analyzing the correlation between the Predicted Copper Scrap Price and Actual Copper Scrap Price

By using Ordinary Least Square (OLS), Linear Regression and Granger's Causality research methods, we have predicted the prices of Copper Scraps for 13th July on July 12th.  Our RIM research team, with the help of our AI wing, we have been researching Copper Scrap prices for more than a year.

The research models we used predicted the Copper Scrap prices with an accuracy of over 96%.  Now let’s look at the result for the predicted Copper Scrap prices on July 13th and July 15th.

Results for Predicted Copper Scrap Price on July 13th, 2021 [ Predicted on July 12th, 2021]

Copper-Predictions-Graph-july-13

 

Graphical Representation of Actual Copper Scrap Price vs. Predicted

Copper-scrap-prediction-july-13

Results for Predicted Copper Scrap Price on July 15th, 2021 [ Predicted on July 14th, 2021]

Copper-Predictions-Graph-july-15

 

Graphical Representation of Actual Copper Scrap Price vs. Predicted

Copper-scrap-predictions-july-15

The Ordinary Least Square (OLS) model predicts the Copper Scrap prices with an accuracy of over 96%. RIM research team, with the help of our AI wing, continues research on Copper Scrap prices, and we will update it here as and when we get sustainable results. Subscribe for RIM Scrap Price Access and Current Copper Scrap prices.

For a complete list of Copper Scrap ISRI Codes, please click here or visit our ISRI Codes Section. 

Please visit our Copper Scrap Price section to know about detailed Scrap Copper prices of US, Chinese and Japan.

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Category : General

Tags : Copper, Copper Scrap Price, Copper Scrap Price Predictions,


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About Jenisha Rajakumar

I'M a Research Analyst and Content Creator at RIM. Currently I'm researching on Copper Prices around the Globe and the impacts on Copper Scrap Prices with regard to COMEX, LME, SHFE and MCX. .... more info

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