Cotton Price Prediction: An Artificial Intelligence Based Solution

Observing the trend of cotton prices over the last few years, it can be interpreted that the prices for cotton fiber are highly volatile in our commodity market. The proposed solution is to develop an Artificial Intelligence-based Web-Application for predicting the future trend of Cotton Prices. The prediction of cotton prices on a daily basis considering variable factors along with the monthly trends of the cotton price will significantly aid us in implementing market strategies. Transparency in data along with day-to- day cotton price prediction will protect the farmers from frauds and deception. This solution is viable in solving misconceptions among the stakeholders with the help of a feedback system. It is versatile and flexible since it is not specific to the industry, state, or market.