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Comparison of Copper Scrap Actual Price and Predicted Price [JULY-28-21]

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by - 7/28/2021 740 Views

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

Using Ordinary Least Square (OLS), Linear Regression, and Granger's Causality research methods, we have predicted the Copper Scrap prices for July 28th on July 27th. 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 98%. Now let’s compare the difference between the Copper Scrap Actual Price and Predicted Price on July 28th. 

Results for Predicted Copper Scrap Price on July 28th, 2021 [Predicted on July 27th, 2021]

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Graphical Representation of Actual Copper Scrap Price vs. Predicted

The Ordinary Least Square (OLS) model predicts the Copper Scrap prices with an accuracy of over 98%. Our RIM research team continues the research on Copper Scrap prices and, we will update it here. 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, 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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