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Empirical validation of an agent-based model of wood markets in Switzerland

Fig 5

Simulated prices compared to the actual historical prices from 2001–2014.

While the model internally always operates in m3, the prices are expressed here per trading unit, which depends on the assortment (lcm = loose cubic meters). In the first 2–3 years simulated, the model needs to settle, which explains the gaps between the actual and simulated values at the beginning of the simulation.

Fig 5