The Application of Grey Dynamic Verhulst Metabolism Model in the Prediction of Products’ Prices and Demands
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Graphical Abstract
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Abstract
Prices and demands of various products are affected by many factors. It is difficult to set up an accurate mathematic model to describe their trends. After comparing several grey models’ predictive results with periodical and fluctuating data, a new dynamic Verhulst metabolism model is set up. This model is able to produce new information to follow the new tendency to gain higher prediction effects.
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