Hidden Bibliographic Details
Other authors / contributors: | Hasanli, Yadulla, 1959- author.
Hajiyev, Nazim, author.
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ISBN: | 3030114953 9783030114954 9783030114947 3030114945 3030114953 9783030114954 9783030114930 3030114937
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Digital file characteristics: | text file PDF
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Notes: | Includes bibliographical references. Description based on online resource; title from resource home page (ProQuest Ebook Central, viewed February 18, 2021).
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Summary: | This book develops new econometric models to analyze and forecast the world market price of oil. The authors construct ARIMA and Trend models to forecast oil prices, taking into consideration outside factors such as political turmoil and solar activity on the price of oil. Incorporating historical and contemporary market trends, the authors are able to make medium and long-term forecasting results. In the first chapter, the authors perform a broad spectrum analysis of the theoretical and methodological challenges of oil price forecasting. In the second chapter, the authors build and test the econometric models needed for the forecasts. The final chapter of the text brings together the conclusions they reached through applying the models to their research. This book will be useful to students in economics, particularly those in upper-level courses on forecasting and econometrics as well as to politicians and policy makers in oil-producing countries, oil importing countries, and relevant international organizations.
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Other form: | Print version: Muradov, Adalat. World market price of oil. Cham, Switzerland : Springer Nature Switzerland, [2019] 9783030114930
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Standard no.: | 10.1007/978-3-030-11494-7 10.1007/978-3-030-11
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