Buchhaltung und Marketing

A Price Forecasting Model for Aquatic Products

Abstract

Bill Lee

Changes in the consumption price of aquatic products will affect demand and fishermen’s income. The accurate prediction of consumer price index provides important information regarding the aquatic product market. Based on the non-linear and non-smooth characteristics of fishery product price series, this paper innovatively proposes a fishery product price forecasting model that is based on Variational Modal Decomposition and improved bald eagle search algorithm optimized Long Short Term Memory Network (VMD-IBES-LSTM). Empirical analysis was conducted using fish price data from the Department of Marketing and Informatization of the Ministry of Agriculture. The proposed model in this study was subsequently compared with common forecasting models such as VMD-LSTM and SSA-LSTM.