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Forecasting Crude Oil Prices


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description

Crude oil is the commodity de jour and its pricing is of paramount importance to the layperson as well as to any responsible government. However, one of the main challenges facing econometric pricing models is the forecasting accuracy. Historically, linear and non-linear time series models were used. Although, a great success was achieved in that regard, yet there were no definite and universal conclusions drawn. The crude oil forecasting field is still wide open for improvement, especially when applying different forecasting models and alternative techniques. Toward this end, the proposed research implemented Artificial Neural Network models (ANN). The models will forecast the daily crude oil futures prices from 1996 to 2006, listed in NYMEX. Due to the nonlinearity presented by the test results of the crude oil pricing, it is expected that the ANN models will improve forecasting accuracy. An evaluation of the outcomes of the forecasts among different models was done to authenticate that this is undeniably the situation.

Product Specifications
SKU :COC80642
AuthorHassan Khazem
Number of Pages104
Publishing Year2011-10-20T00:00:00.000
Edition1 st
Book TypeLaw
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-10-08 00:00:00