Price Vision

Price Vision
Biography Price Vision is an AI/ML based commodity price forecasting solution from ThouCentric Labs to ensure businesses have accurate and interactive forecasts. From agri to non-agri products, Price Vision helps predict future demand for every product and get real-time insights to let retailers be more competitive. It enables smart and profitable business decisions by generating price forecasts on a daily, weekly, and monthly basis.
Member since Feb 28, 2023
Sunflower Oil Price Soaring? Learn How ML Can Keep You Ahead of the Forecast

by Price Vision on Aug 30, 2023



In a world of interconnected economies and dynamic markets, the price of commodities can experience significant fluctuations, leaving businesses and consumers searching for ways to navigate these changes. Sunflower oil, a versatile and widely used cooking oil, is no exception to this trend. This article delves into the rising prices of sunflower oil and introduces how Machine Learning (ML) can serve as a powerful tool to anticipate and respond to these fluctuations effectively.   How ML Can Keep You Ahead of the Forecast Sunflower oil, a staple in kitchens across the globe, has recently been facing notable price increases. This volatility in pricing can be attributed to a multitude of factors, including weather conditions affecting sunflower crops, geopolitical events impacting oil production and distribution, and shifts in consumer demand patterns. Understanding these factors is essential for businesses, retailers, and even consumers who want to manage their budgets efficiently. ... Continue reading →

Revolutionizing Commodity Trading: The Power of AI in Forecasting and Pricing

by Price Vision on Aug 29, 2023



In the ever-evolving landscape of commodity trading, where markets can shift on a dime and profits are won or lost in the blink of an eye, staying ahead of the game is paramount. Enter Artificial Intelligence (AI), a game-changing technology that is revolutionizing the way commodity trading is conducted. With its unparalleled ability to analyze vast amounts of data and make accurate predictions, AI is transforming everything from pricing strategies to futures forecasts. In this article, we delve into the realm of AI in commodity trading, exploring how it's reshaping pricing mechanisms and supercharging forecasting accuracy. The Rise of AI in Commodity Trading The integration of AI in commodity trading has been a gradual but transformative process. Traditionally, traders relied on historical data, market trends, and human intuition to make crucial decisions. However, the sheer complexity and volatility of commodity markets often made accurate predictions a challenging task. This is ... Continue reading →

Sunflower Oil Price Prediction Using ML Techniques

by Price Vision on Aug 28, 2023



Commodity prices play a vital role in the global economy, impacting industries, trade, and consumer behavior. Accurate forecasts of commodity prices are essential for businesses and investors to make informed decisions. One such commodity of significant importance is sunflower oil. In this blog post, we will delve into the realm of forecasting commodity prices, focusing specifically on sunflower oil price prediction using machine learning (ML) techniques.   The Significance of Sunflower Oil Sunflower oil is a staple in kitchens worldwide, appreciated for its neutral flavor, high smoke point, and heart-healthy properties. It's used not only for cooking but also in various industries such as cosmetics and biofuel. The price of sunflower oil can be influenced by a myriad of factors, including weather conditions, agricultural practices, global supply and demand, geopolitical events, and more. Forecasting its price accurately is a complex task, but AI/ML techniques offer a ... Continue reading →

The Art of Commodity price forecasting: Navigating Agricultural Price Trends

by Price Vision on Aug 25, 2023



In the ever-fluctuating world of agriculture, where factors like weather, market demand, and geopolitical events exert their influence, the ability to predict price trends of agricultural commodities becomes an invaluable skill. Commodity price forecasting, especially in the realm of agricultural products, holds the potential to empower farmers, traders, and policymakers to make informed decisions. In this blog post, we will delve into the significance of Commodity price forecasting and explore the techniques used for price forecasting of agricultural commodities.   Understanding Commodity price forecasting   What is Commodity price forecasting? Commodity price forecasting refers to the process of predicting the future prices and trends of raw materials, goods, and services that play a pivotal role in the global economy. In the context of agriculture, this involves predicting the prices of crops, livestock, and other agricultural products.   Significance of Commodity ... Continue reading →

How to Predict Crude Oil Prices: A Comprehensive Guide

by Price Vision on Aug 24, 2023



When it comes to the world of finance, few commodities are as crucial as crude oil. Its influence on global economies, industries, and markets is undeniable. Predicting crude oil prices is a challenging yet essential endeavor for investors, policymakers, and businesses alike. In this comprehensive guide, we will delve into the various factors that impact crude oil prices and explore strategies to make informed predictions.   Understanding the Basics of Crude Oil Pricing Crude oil prices are determined by a multitude of intricate factors. These include supply and demand dynamics, geopolitical events, market speculation, and macroeconomic indicators. The balance between global oil production and consumption plays a pivotal role in shaping prices.   Supply and Demand Dynamics The law of supply and demand is a cornerstone of economics, and it significantly affects crude oil prices. When global demand for oil surpasses supply, prices tend to rise, and vice versa. Factors ... Continue reading →

PriceVision: Unveiling Insights into the Steel Industry

by Price Vision on Aug 23, 2023



In today's ever-changing, interconnected global economy, the commodities market continues to play a critical role in driving growth and preserving balance. Hot Rolled Coil (HRC) CME is widely recognized as a key market item in this sector. This thorough reference provides an in-depth analysis of HRC CME, the commodities market, and the transformative impact of PriceVision on the industry.   Introduction: Unraveling the Commodity Market and HRC CME In the commodity market, buyers and sellers engage in complicated buying and selling of raw materials such as metals, energy supplies, and agricultural goods. The global economy is profoundly influenced by its effects on businesses, financiers, and consumers. The heart of this sector is HRC CME, a crucial part of the steelmaking process.   HRC CME: A Crucial Element in the Steel Industry Hot Rolled Coil (HRC) is a critical form of steel used in various applications, from construction to manufacturing. The HRC CME refers to the ... Continue reading →

HRC CME Commodity Market: A Comprehensive Guide

by Price Vision on Aug 22, 2023



In today's fast-paced global economy, understanding the commodity market is essential for investors, businesses, and anyone interested in economic trends. HRC CME and PriceVision play crucial roles in providing insights and data that drive informed decisions. This article is your guide to comprehending the intricate landscape of the commodity market, with a focus on HRC CME and the innovative PriceVision platform. HRC CME: Unveiling the Basics HRC (Hot-Rolled Coil) CME (Chicago Mercantile Exchange) is a vital platform within the commodity market. It facilitates trading of hot-rolled coil steel futures, providing a transparent marketplace for buyers and sellers. This ensures price discovery and risk management in the steel industry. From construction to manufacturing, many sectors rely on steel, making HRC CME a crucial indicator of economic health. The Dynamics of Commodity Market The commodity market encompasses a diverse range of raw materials and primary agricultural products. ... Continue reading →

Platinum Price Predictions: Understanding Commodity Price Forecasting

by Price Vision on Aug 18, 2023



Commodity price predictions captivate the minds of investors and analysts, with platinum emerging as a precious metal with unique allure and significant industrial impact. In this blog post, we delve into the world of platinum price predictions and explore the methods employed for commodity price forecasting in simple terms. Additionally, we will highlight the role of PriceVision in providing valuable insights to aid in decision-making. The Significance of Platinum Platinum's rarity and lustrous appeal have earned it a special place in the global economy. The metal finds application in jewelry, automotive, electronics, and renewable energy sectors, making it susceptible to a range of economic factors, geopolitical events, and supply-demand dynamics that influence its price trajectory. Commodity Price Forecasting Methods Here are some popular price forecasting methods: Fundamental Analysis Fundamental analysis involves understanding the core factors that impact a commodity's ... Continue reading →

Commodity Price Prediction: Unlocking the Secrets of Market Trends

by Price Vision on Aug 17, 2023



Commodity prices have significant influence over many sectors and investment choices within the ever-evolving global economy. For those who possess astute investment acumen or are engaged in entrepreneurial endeavours, acquiring a comprehensive comprehension of commodity price forecast has significant potential for achieving prosperity amidst the dynamic fluctuations of the market. Commodity Price Prediction: An Overview The process of commodity price prediction involves the predicting of future price movements for various raw materials, metals, agricultural goods, and energy resources that are actively traded in the worldwide market. Accurate price forecasts are essential for traders, investors, and companies since they depend on them to efficiently manage risks, optimise earnings, and plan their operations. The Significance of Commodity Price Prediction   Commodity price prediction holds immense significance due to its impact on various stakeholders in the market. Here are some ... Continue reading →

Commodity Price Forecasts: Understanding Market Trends and Making Informed Decisions

by Price Vision on Aug 10, 2023



Commodity price projections have significant importance in the contemporary global economy, as they serve as essential tools for directing firms, investors, and consumers in making well-informed choices. Having a comprehensive understanding of the prevailing patterns that have impact on commodity pricing is crucial for achieving success and avoiding failure across diverse sectors. This comprehensive blog aims to explore the field of commodity price forecasting, offering professional perspectives, thorough analysis, and practical recommendations to effectively navigate the intricacies of the market with confidence. Commodity Price Forecasts: An Overview Prior to delving into the intricate details of commodity price projections, it is important to take a few minute to comprehend the nature and components of such forecasts. Commodity price forecasts include projections for the forthcoming pricing of essential raw materials, products, and resources that constitute the fundamental pillars ... Continue reading →

Maximizing Profitability with AI/ML-based Commodity Price Forecasting

by Price Vision on May 5, 2023

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  Commodity price forecasting has long been a crucial undertaking for organizations whose operations depend on raw resources. How precise these forecasts are can have a significant impact on an organization's revenue, perceived risk, and capacity of making informed decisions. The advancement of artificial intelligence (AI) and machine learning technologies has improved commodity price forecasting, enabling businesses to lower risks and make more informed decisions.   Businesses may reduce risk and make better decisions when forecasting commodities with the aid of artificial intelligence (AI) machine learning (ML). Large volumes of data are collected, analyzed, and acted upon by AI and ML systems, which subsequently take intelligent action. AI has been able to spot trends in price variations by examining past data on commodity pricing and using statistical models. This has helped businesses decide when and where to place orders for commodities from suppliers. ... Continue reading →

From Wheat to Oil: A Closer Look at Forecasting for Major Commodities

by Price Vision on May 2, 2023



An important part of the world economy is played by the commodity markets. Commodity prices, including those for wheat, oil, sugar, soybeans, and cocoa, are affected by several variables, including supply and demand, geopolitical, climatic conditions, and more. Commodity price forecasting can be a difficult endeavor. Yet, thanks to developments in data analytics and technology, market participants may now make more educated trading and investment decisions. One such platform, Pricevision helps traders foresee and make informed decisions by offering data-driven insights for commodities markets.   In order to produce reliable predictions about the future prices of commodities, employs a range of sophisticated commodity price forecasting methods, including statistical modeling, machine learning algorithms, and other data-driven techniques.   Recently, ai technology has been used for a variety of supply chain applications, from supplier risk management to ... Continue reading →

Maximizing Profitability with AI/ML-based Commodity Price Forecasting

by Price Vision on Apr 24, 2023



  Commodity price forecasting has long been a crucial undertaking for organizations whose operations depend on raw resources. How precise these forecasts are can have a significant impact on an organization's revenue, perceived risk, and capacity of making informed decisions. The advancement of artificial intelligence (AI) and machine learning technologies has improved commodity price forecasting, enabling businesses to lower risks and make more informed decisions.   Businesses may reduce risk and make better decisions when forecasting commodities prices with the aid of artificial intelligence (AI) & machine learning (ML). Large volumes of data are collected, analyzed, and acted upon by AI and ML systems, which subsequently take intelligent action. AI has been able to spot trends in price variations by examining past data on commodity pricing and using statistical models. This has helped businesses decide when and where to place orders for commodities from suppliers. ... Continue reading →

The Future of Commodity Price Forecasting: How AI and ML are Changing the Game

by Price Vision on Apr 12, 2023



The commodity market, which is a crucial component of the world economy, is always changing. A difficult challenge, given the complexity of the market, has always been predicting the prices of commodities. Yet, commodity price forecasting has become more precise and effective than ever before thanks to technological breakthroughs, particularly those in artificial intelligence (AI) & machine learning (ML). The commodities market, which trades in a variety of things including metals, minerals, agricultural products, biofuels, and other goods, is an essential part of the global economy. Commodity markets, such as wheat as well as oil, have a big impact on businesses and economies all over the globe. Making good investing selections implies having a strong grasp of the commodities market's characteristics. The world's economy is seriously affected by the competitive and intricate commodity market. It might be challenging to forecast what certain commodities will cost ... Continue reading →

The Importance of Timely Insights: Real-Time Commodity Price Forecasting

by Price Vision on Apr 3, 2023



The business strategy of purchasing teams and organizations must closely monitor real-time commodity price forecasts and trends. It enables companies to foresee pricing-related risks, and plan, and manage suppliers proactively while avoiding supply chain interruption brought on by price volatility.   Category managers have a crucial role in budget planning, and the structure of the organization, the financial and procurement teams may also play a part. Based on industry and price projection insights for the upcoming six, twelve, and eighteen months, forecasting solutions enable buyers of commodities, natural resources, and services to make confident planning decisions.   The ability to prioritize categories and concentrate on the most volatile ones is a key advantage of price tracking and forecasting in various categories within a manager's product portfolio. This includes looking at price hedges as a risk mitigation approach.   AI-Based Forecasting - Live Commodity ... Continue reading →

The Rise of ML-Based Forecasting: Implications and Opportunities for the Future

by Price Vision on Mar 16, 2023



To increase corporate productivity, machine learning is utilised in business forecasting. Data and observations are utilised to start the learning process. examples, directions, or first-hand experience, for instance. They are offered so that the computer can analyse data patterns and come to better conclusions in the future. Using the hundreds of metrics at your fingertips and taking each one into account for the particular prediction at hand allows you to prepare considerably more correctly than with manual approaches, which is one of the primary advantages of deep learning for business forecasting.   A machine learning-based system can be fed with as many business indicators and KPIs as you have access to. Whether your forecast is affected by 100 factors or 100,000, machine learning may find patterns and connections that a traditional (or human) system just cannot. Not only can machine learning forecasting deliver the precision you need, but a turnkey system is also ... Continue reading →

Which commodities are the best to invest in futures market?

by Price Vision on Mar 10, 2023



Why trade?   There are a variety of reasons why you could decide to include commodity trading in your portfolio: 1. A commodity's value is often influenced by demand and supply, a variable you can watch to forecast its increase and fall and, consequently, whether to purchase or sell. 2. The most popular techniques for investing in commodities include ordinary purchasing and selling, futures contracts, and CFDs. 3. Certain products are much more likely to hold their intangible value of outside causes in uncertain and chaotic times. They are often a safer investment as a result. 4. Commodity prices are subject to wide swings from high - low on a regular basis, giving you the chance to reap significant rewards. 5. When it comes to your finances, there are few things more important than your health.   Trading Commodities:   The most widely traded commodities are listed below, albeit their popularity varies as widely as their prices do:   1. Gold One ... Continue reading →

Commodity Market Volatility: Causes and Strategies for Mitigation

by Price Vision on Feb 28, 2023



A commodity in the context of procurement is a raw or mid resource used to make a good. Chemicals, agricultural products, oils, minerals, and fuels are examples of commodities. The variety of commodities is expanding to include synthetic materials, special metals, and alternative energy sources. Labor & support services are examples of intangibles that are not regarded as commodities. A difficult art to master is ensuring a continuous supply of commodities there at proper price, coupled with precise demand forecasts.   Commodities are high-value, business-critical products that are prone to large price volatility. Companies are moving away from just-in-time (JIT) supply strategies and toward buffer stock that takes supply interruption risk into account. The epidemic served as a sharp reminder of the interdependence between suppliers and procurement. Buyers must use their supplier network to adjust to this unstable climate because the commodity market is uncertain.   How ... Continue reading →



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