The forecast of price for innovative product based on analysis of time series

Economic & mathematical methods and models

This article discusses questions of price forecast for innovative product. Time series have been used in order to predict price movements. For this propose the price (for 24 months) of innovative product. Samsung Galaxy Nexus I9250. was chosen. Based on this information prices for the product were calculated after six months and a year. Also. using results of this forecast the model for prediction the price of innovative product was developed.