COMMODITY PRICE FORECASTING APPARATUS AND METHOD

摘要

PROBLEM TO BE SOLVED: To provide an apparatus and method for forecasting the price of a commodity.SOLUTION: A process 100 for forecasting the price of a commodity includes the steps of: obtaining a particular time in the future for a price forecast of the commodity and obtaining previous price information of the commodity; decomposing the price information into spike price information and non-spike price information and determining a non-spike price at the particular time using the non-spike price information; determining whether a price spike occurs at the particular time based on the price information; and providing a forecasted price of the commodity at the particular time. The forecasted price of the commodity may be a non-spike price in when the price spike does not occur and being a spike price when the price spike does occur.SELECTED DRAWING: Figure 1