✦ LIBER ✦

Market efficiency, cross hedging and price forecasts: California's natural-gas markets

✍ Scribed by C.K. Woo; A. Olson; I. Horowitz

Book ID: 108121144
Publisher: Elsevier Science
Year: 2006
Tongue: English
Weight: 333 KB
Volume: 31
Category: Article
ISSN: 1751-4223
DOI: 10.1016/j.energy.2005.05.003

No coin nor oath required. For personal study only.

📜 SIMILAR VOLUMES

Comparing price forecast accuracy of nat

Comparing price forecast accuracy of natural gas models and futures markets

✍ Gabrielle Wong-Parodi; Larry Dale; Alex Lekov 📂 Article 📅 2006 🏛 Elsevier Science 🌐 English ⚖ 217 KB

The purpose of this article is to compare the accuracy of forecasts for natural gas prices as reported by the Energy Information Administration's short-term energy outlook (STEO) and the futures market for the period from 1998 to 2004. The analysis tabulates the existing data and develops a statisti

Bi-directional causality in California's

Bi-directional causality in California's electricity and natural-gas markets

✍ Chi-Keung Woo; Arne Olson; Ira Horowitz; Stephen Luk 📂 Article 📅 2006 🏛 Elsevier Science 🌐 English ⚖ 264 KB

The Granger instantaneous-causality test is applied to explore the potential causal relationships between wholesale electricity and natural-gas prices in California. The test shows these relationships to be bi-directional, and reveals California's electricity and natural-gas markets to be as inextri

Analyst forecasts and price discovery in

Analyst forecasts and price discovery in futures markets: The case of natural gas storage

✍ Gerald D. Gay; Betty J. Simkins; Marian Turac 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 182 KB 👁 2 views

## Abstract We investigate analyst forecasts in a unique setting, the natural gas storage market, and study the contribution of analysts in facilitating price discovery in futures markets. Using a high‐frequency database of analyst storage forecasts, we show that the market appears to condition exp