Trying to predict Singapore COE prices is a bit like trying to predict the weather, if the weather occasionally punched you in the face and charged you $120,000 for the privilege.
Every month, people emerge with very confident predictions:
The result, COE goes up another $8,000 for no apparent reason.
Just for a bit of fun we built a pretty simple model to try and predict COE prices. It’s mostly using historical trend data and could be wildly off. Add your own prediction below and see if you can beat the model.
Our model's best guess for each category. Submit your own number and see how it stacks up against the rest of the crowd.
The exercise has closed. Here's the actual result, our guess from before bidding opened, and how far off we were.
We ran the current model on every past exercise using only data available at the time, no peeking at the answer. The solid line is what actually happened; the dashed line is what the model would have called. The gap between them is what we use to refine it.