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Author Muradov, Adalat, author
Title World market price of oil : impacting factors and forecasting / by Adalat Muradov, Yadulla Hasanli, Nazim Hajiyev
Imprint Cham : Springer International Publishing : Imprint: Springer, 2019
book jacket
Descript 1 online resource (xvi, 184 pages) : illustrations, digital ; 24 cm
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
text file PDF rda
Series SpringerBriefs in economics, 2191-5504
SpringerBriefs in economics
Note Introduction -- Chapter 1: Theoretical-Methodological Principles of the Problem -- Chapter 2: Creating Econometric Models: Evaluation and Analysis -- Chapter 3: Forecasting The Oil Prices in the World Market
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
Host Item Springer eBooks
Subject Petroleum products -- Prices
Natural Resource and Energy Economics
Development Economics
Economic Growth
Alt Author Hasanli, Yadulla, author
Hajiyev, Nazim, author
SpringerLink (Online service)
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