1.

Record Nr.

UNINA9910337674403321

Autore

Muradov Adalat

Titolo

World Market Price of Oil : Impacting Factors and Forecasting / / by Adalat Muradov, Yadulla Hasanli, Nazim Hajiyev

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2019

ISBN

3-030-11494-5

Edizione

[1st ed. 2019.]

Descrizione fisica

1 online resource (194 pages)

Collana

SpringerBriefs in Economics, , 2191-5504

Disciplina

338.232820112

333.8232

Soggetti

Natural resources

Development economics

Economic development

Natural Resource and Energy Economics

Development Economics

Economic Growth

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

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.

Sommario/riassunto

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.