Short-Term Forecasting of Global Energy and Metal Prices: VAR and VECM Approaches
This study introduces a set of multivariate models with the aim of forecasting global prices of 1) crude oil, 2) natural gas, 3) iron ore, and 4) steel. Various versions of vector autoregression and error-correction models are applied to monthly data for the short-term prediction of nominal commodit...
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| Format: | Article |
| Language: | English |
| Published: |
National Bank of Ukraine
2022-12-01
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| Series: | Visnyk of the National Bank of Ukraine |
| Subjects: | |
| Online Access: | https://journal.bank.gov.ua/en/article/2022/254/02 |
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