Qin, Xiaoyan; Bessler, David A.; Leatham, David J.; Wu, … - Southern Agricultural Economics Association - SAEA - 2010
Investigation into the relations between market fundamentals and US natural gas prices is carried out in the regime-switching framework. To test the hypothesis that US natural gas market may switch between two states of market: bullish market and bearish market, a 2-state regime-switching model...