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Comparison of Copper Scrap Predicted Price and Actual Price [JULY-29-21]

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by - 7/29/2021 709 Views

Analyzing the Correlation between the Predicted Copper Scrap Price and Actual Copper Scrap Price for July 29th

Our RIM research team has 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%. Using Granger's Causality, Ordinary Least Square (OLS) and Linear Regression research methods, we have predicted the prices of Copper Scraps for 29th July on July 28th. Now let’s compare the difference between the predicted Copper Scrap price and Actual Copper Scrap price.

Results for Predicted Copper Scrap Price on July 29th, 2021 [Predicted on July 28th, 2021]

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Graphical Representation of Actual Copper Scrap Price vs. Predicted

The Linear Regression model predicts the Copper Scrap prices with an accuracy of over 98%. RIM research team, with the help of our AI wing, continues 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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