model_and_simulation

Modeling and Simulation Final Project

Part 1:

• Modeling demand based on key factors (NOT affecting supply)
• Modeling each factors stochastically

Checkpoint 1:#

• Gather all possible factors for our model from research
• Reduce using PCA and logic by analyzing correlation with the target factor (demand or price)
• Extension: Start modeling demand using the factors we selected by running simulations.

Checkpoint 2:

• Combine all key factors and verify our model with data

Part 2:

• Modeling supply based on key factors (NOT affecting demand)
• Modeling each factors stochastically

Part 3:

• Modeling demand and supply together
• Run simulations to predict demand and price

Part 4:

• Modeling the market
• Run simulations to predict demand and price