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Persistent link: https://www.econbiz.de/10004998700
of AIRS with hybrid systems such as principle component analysis (PCA)-Naive Bayes and PCA-Bayes Net. The robustness of …
Persistent link: https://www.econbiz.de/10009352814
High oil prices are favourable for OPEC in the short run, but may undermine its future revenues. We search for the optimal oil price level for the producer group, using a partial equilibrium model for the oil market. The model explicitly accounts for reserves, development and production in 4...
Persistent link: https://www.econbiz.de/10004980729
targeted against the Middle Eastern country and “qui prodestâ€? 4) Will Iran’s possible return to the world oil market send …
Persistent link: https://www.econbiz.de/10011145120
targeted against the Middle Eastern country and “qui prodestâ€? 4) Will Iran’s possible return to the world oil market send …
Persistent link: https://www.econbiz.de/10011145130
Futures markets are a potentially valuable source of information about market expectations. Exploiting this information has proved difficult in practice, because the presence of a timevarying risk premium often renders the futures price a poor measure of the market expectation of the price of...
Persistent link: https://www.econbiz.de/10010958503
much the forecast would change relative to the baseline forecast under alternative scenarios about future oil demand and … evaluating the risks underlying these forecasts. We show how policy-relevant forecast scenarios can be constructed from recently … to these scenarios affect the upside and downside risks embodied in the baseline real-time oil price forecast. Such risk …
Persistent link: https://www.econbiz.de/10009385759
-time forecasts of the real price of oil can be more accurate than the no-change forecast at horizons up to one year. In some cases … prices, forecasts based on AR and ARMA models, and the no-change forecast. In addition, these VAR models have consistently … forecasters to interpret their oil price forecast in light of economic models and to evaluate its sensitivity to alternative …
Persistent link: https://www.econbiz.de/10009493559
The paper examines the evolution of price and consumption of oil in the last decades to construct a relationship between them. Then the work considers three possible scenarios of oil price: parabolic, linear and chaotic behaviour, to predict the evolution of price and consumption of oil up to...
Persistent link: https://www.econbiz.de/10010811364
We analyze the physical, i.e. non financial, determinants of the real price of crude oil by means of an equilibrium correction model over the last two decades. We find that two cointegrating relations affect the change in prices: one refers to OPEC's cartel behavior attempting to control prices...
Persistent link: https://www.econbiz.de/10004970681