World market price of oil : impacting factors and forecasting /

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Bibliographic Details
Author / Creator:Muradov, Adalat, author.
Imprint:Cham : Springer, [2019]
Description:1 online resource (xvi, 184 pages) : illustrations
Language:English
Series:SpringerBriefs in Economics, 2191-5504
SpringerBriefs in economics,
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11873909
Hidden Bibliographic Details
Other authors / contributors:Hasanli, Yadulla, 1959- author.
Hajiyev, Nazim, author.
ISBN:3030114953
9783030114954
9783030114947
3030114945
3030114953
9783030114954
9783030114930
3030114937
Digital file characteristics:text file PDF
Notes:Includes bibliographical references.
Description based on online resource; title from resource home page (ProQuest Ebook Central, viewed February 18, 2021).
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.
Other form:Print version: Muradov, Adalat. World market price of oil. Cham, Switzerland : Springer Nature Switzerland, [2019] 9783030114930
Standard no.:10.1007/978-3-030-11494-7
10.1007/978-3-030-11