✍ Scribed by Christian Pierdzioch; Jan Christoph Rülke; Georg Stadtmann
No coin nor oath required. For personal study only.
📜 SIMILAR VOLUMES
## Abstract The paper develops an oil price forecasting technique which is based on the present value model of rational commodity pricing. The approach suggests shifting the forecasting problem to the marginal convenience yield, which can be derived from the cost‐of‐carry relationship. In a recursi
This study tests the hypothesis that prices in new markets change in a pattern similar to and related to the product life cycle. Three stages of price decline have been identified in electronic product markets and can be associated with the introduction, take-off and growth, and maturity stages of t
## Abstract The predictive accuracy of competing crude‐oil price forecast densities is investigated for the 1994–2006 period. Moving beyond standard ARCH type models that rely exclusively on past returns, we examine the benefits of utilizing the forward‐looking information that is embedded in the p