Forecasting the price of crude oil via c
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Thomas A. Knetsch
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Article
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2007
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John Wiley and Sons
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English
β 299 KB
## 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 costβofβcarry relationship. In a recursi