Zhang, Jiao; Zeng, Qingcheng; Zhao, Xiaofeng - In: Applied Economics 46 (2014) 29, pp. 3639-3648
In this article, the lead--lag relationship in freight rates between spot and forward markets and between spot and time charter (TC) markets was investigated. A hybrid forecasting method for spot freight rates was proposed based on the price discovery functions of the freight forward agreement...