According to this model, demand is not in the equation.
For you it is part of the equation, not for the model. For the model price is not the result of demand and supply, but ultimately only a function of S2F, or supply.
price is determined by supply and demand, isn't that a fact like
1 + 1 = 2 ?
the model is wrong if it claims to predict the future price without looking at demand
The model can be wrong for sustained amount of dollars, for sustained amount of times, but price will eventually hover around the model price in the long run, like a “dog on a leash” or “ drunk man walk”.
sorry i don't get it:
why will the price eventually hover around the model price?