An S-curve efficient frontier on second-hand auto price

Salim, Fadzilah and Abu, Nur Azman (2023) An S-curve efficient frontier on second-hand auto price. International Journal of Computational Economics and Econometrics, 13 (2). pp. 189-215. ISSN 1757-1170

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Abstract

An efficient frontier has been a popular concept in a capital asset pricing model in the last 50 years. An efficient frontier will be explored as a practical predictive model for second-hand automobile prices. It is a practically useful model that comes with an upper price recommendation on the market to suggest maximum possible coverage by auto insurance. A nonlinear model has been observed to give a better estimate of price appreciation while describing real-life phenomena. In this paper, an S-efficient frontier curve model is proposed as a simple nonlinear model used for estimating second-hand automobile pricing. A dynamic S-shaped membership function (SMF) will be used as a basis to construct an S-curve algorithm in this automobile price model. An S-curve model is found to offer a useful and practical estimation regarding second-hand auto prices. Therefore, an S-curve efficient frontier model along automobile make years is expected to provide a better estimate of second-hand auto pricing in Malaysia.

Item Type:	Article
Uncontrolled Keywords:	S-curve model, efficient frontier, second-hand auto price, price modelling.
Divisions:	Faculty of Electrical and Electronic Engineering Technology
Depositing User:	Norfaradilla Idayu Ab. Ghafar
Date Deposited:	19 Jun 2024 10:31
Last Modified:	19 Jun 2024 10:31
URI:	http://eprints.utem.edu.my/id/eprint/27105
Statistic Details:	View Download Statistic

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