The recent rise in commodity prices and the increase in price volatility have aroused certain concern and controversy … could break out. This paper intends to delve into some aspects of the phenomenon known as commodity price volatility. First …, we study the relationship between volatility and financial markets. We can infer from the literature that the empirical …

volatility that has been proposed for the real options approach (ROA), and also provide a theoretical and practical explanation … for estimating an unbiased volatility and unconditional for this methodology. The results of the research suggest that the … use of the current methods generates a marked overestimation of the volatility, which is ultimately transmitted in the …