Cement Industry Overview and Market Price Forecasting In Azerbaijan

Global economic situation and energy resources’ prices influence local economic trends, investment of capital, status of financial institutions and cement industry in Azerbaijan in whole. These trends influence demand and activities of cement business communities which start to optimize expenses and find new priority decisions in business. Moreover some independent economic analysts refer to forecasts that since 2016 yearly demand will increase 4-5% in Azerbaijan. Objectives are to forecast cement price in the market using Fuzzy c-means (together with Fuzzy Inference System) and ANFIS which are entered MATLAB mathematical packet and to compare the results of these methods.Taking into consideration the results of research and applied forecast models the cement price can show the stable slow increasing in the market even there is probability of some periodic fluctuations and regulating actions by the state authorities. Therefore it is high probability that the cement price will increase next 1-2 years