World Market Price of Oil Impacting Factors and Forecasting /

• Main Authors: Muradov, Adalat (Author, http://id.loc.gov/vocabulary/relators/aut), Hasanli, Yadulla (http://id.loc.gov/vocabulary/relators/aut), Hajiyev, Nazim (http://id.loc.gov/vocabulary/relators/aut)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Springer, 2019.
• Edition: 1st ed. 2019.
• Series: SpringerBriefs in Economics,
• Subjects: Natural resources.; Development economics.; Economic growth.; Natural Resource and Energy Economics.; Development Economics.; Economic Growth.

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 a...