|
|
|
Registros recuperados: 33 | |
|
| |
|
|
Bastianin, Andrea; Manera, Matteo; Markandya, Anil; Scarpa, Elisa. |
The empirical literature is very far from any consensus about the appropriate model for oil price forecasting that should be implemented. Relative to the previous literature, this paper is novel in several respects. First of all, we test and systematically evaluate the ability of several alternative econometric specifications proposed in the literature to capture the dynamics of oil prices. Second, we analyse the effects of different data frequencies on the coefficient estimates and forecasts obtained using each selected econometric specification. Third, we compare different models at different data frequencies on a common sample and common data. Fourth, we evaluate the forecasting performance of each selected model using static forecasts, as well as... |
Tipo: Working Paper |
Palavras-chave: Oil Price; WTI Spot and Futures Prices; Forecasting; Econometric Models; Research and Development/Tech Change/Emerging Technologies; C52; C53; Q32; Q43. |
Ano: 2011 |
URL: http://purl.umn.edu/120042 |
| |
|
| |
|
| |
|
|
Sanders, Dwight R.; Manfredo, Mark R.. |
This research presents a systematic and unified approach to evaluating forecast rationality that considers the potential of nonstationarity in forecasts and realized values. The approach is applied to one-quarter ahead U.S. Department of Agriculture livestock price forecasts from 1982 through 2004. Results show that forecasts and realized prices are integrated of the same order, and those that are nonstationary are cointegrated. However, the stationary price forecasts for hogs, turkeys, eggs, and milk are biased and improperly scaled, and forecast errors tend to be repeated. Similarly, nonstationary forecasts for cattle and broilers are also biased and irrational in the long run, but short-run dynamics are rational. |
Tipo: Journal Article |
Palavras-chave: Forecast evaluation; Livestock prices; Rationality; Livestock Production/Industries; C53; Q13. |
Ano: 2007 |
URL: http://purl.umn.edu/6658 |
| |
|
|
Auffhammer, Maximilian; Carson, Richard T.. |
Our results suggest that the anticipated path of China's Carbon Dioxide (CO2) emissions has dramatically increased over the last five years. The magnitude of the projected increase in Chinese emissions out to 2015 is several times larger than reductions embodied in the Kyoto Protocol. Our estimates are based on a unique provincial level panel data set from the Chinese Environmental Protection Agency. This dataset contains considerably more information relevant to the path of likely Chinese greenhouse gas emissions than national level time series models currently in use. Model selection criteria clearly reject the popular static environmental Kuznets curve specification in favor of a class of dynamic models with spatial dependence. |
Tipo: Working or Discussion Paper |
Palavras-chave: Forecasting; Climate Change; China; Model Selection; Environmental Economics and Policy; Q43; C53. |
Ano: 2006 |
URL: http://purl.umn.edu/7197 |
| |
|
| |
|
|
Conforti, Piero; Rapsomanikis, George. |
The changes recently introduced in the EU Common Market Organization for sugar will interact with preferential imports from developing countries and least developed countries that enjoy preferential treatment for exports to the EU, as well as by trade and adjustment costs. This paper focuses on the impact of the EU Commissions sugar policy reform and the Everything But Arms initiative on the African, Caribbean and Pacific countries and the Least Developed Countries. Simulations are run with an empirical model structure comprising a partial equilibrium model for the world sugar market and a gravity model to replicate least developed countries bilateral trade with Europe. Particularly, the gravity approach is employed to model the abolition of import... |
Tipo: Conference Paper or Presentation |
Palavras-chave: EBA; Sugar; Gravity; Trade; C53; International Relations/Trade; Q18; C23. |
Ano: 2006 |
URL: http://purl.umn.edu/25641 |
| |
|
| |
|
| |
|
|
Chen, Zhuo; Cho, Seong-Hoon; Poudyal, Neelam C.; Roberts, Roland K.. |
This research evaluated forecasting accuracy of hedonic price models based on a number of different submarket assumptions. Using home sale data for the City of Knoxville and vicinities merged with geographic information, we found that forecasting housing prices with submarkets defined using expert knowledge and by school district and combining information conveyed in different modeling strategies are more accurate and efficient than models that are spatially aggregated, or with submarkets defined by statistical clustering techniques. This finding provided useful implications for housing price prediction in an urban setting and surrounding areas in that forecasting models based on expert knowledge of market structure or public school quality and simple... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Clustering; Forecasting; Hedonic price; Housing Submarket; Demand and Price Analysis; C53; R21. |
Ano: 2007 |
URL: http://purl.umn.edu/9689 |
| |
|
| |
|
| |
Registros recuperados: 33 | |
|
|
|