Lead Price Forecasting Based on ARIMA Model

Lin Lin Lu; Xin Ma; Ya Xuan Wang; Gen Bo Yu

doi:10.4028/www.scientific.net/AMR.488-489.1582

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Lead Price Forecasting Based on ARIMA Model
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Problems and Countermeasures of the Development of English Majors in Provincial Higher Institutions in China
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The Security Experience of Wireless Local Area Network at Ningbo University
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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 488-489Lead Price Forecasting Based on ARIMA Model

Lead Price Forecasting Based on ARIMA Model

Abstract:

The time series ARIMA (3,1,4) model was established, which is taken into use of price forecasting. Then the forecasted price was applied to mining technical and economic index optimization study. Lead prices could be reliably predicted by time series ARIMA model, which had a high accuracy and the percentage of prediction error was 2.97% on average. It can solve the problems of the price data lag in the study of mine economic index optimization very well.