Operation available tools Sample Clauses

Operation available tools. FORESIM (NTUA) FORESIM is an in-house developed methodology that can be used for freight rate forecasting. This approach was introduced in order to produce freight rate modelling, long and short-term forecasts and prediction error calculation analysis. More specifically, under the scope of modelling the shipping market, an explanatory model was built using Artificial Neural Networks and Xxxxx-Xxxxx simulation. In this way the shipping market macroeconomic parameters are taken into account and statistical series are processed giving relative predictions/forecasting of the market. The methodology uses MS Windows platform and the programming sub-modules used are SPSS, NEUROSOLUTIONS and MATHEMATICA. The prediction mechanism can be used for long-term forecasting of the market for LCA as well in the frame of SHIPLYS.
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