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How does AI tool help in commodity price forecasting?
Posted By pricevisionai 985 days ago on Business
AI is capable of analyzing and processing vast amounts of data in a short period of time. It can also detect patterns that humans may not be able to see. This makes it a valuable tool for commodity price forecasting.
The use cases for AI in commodity price forecasting are many. They include:
- Forecasting the price of commodities like gold, oil, and wheat by analyzing historical data
- Identifying trends in the market with machine learning
- Predicting future events such as economic collapse or political unrest
- Alerting traders when an asset's value is too high or low
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