Paper The following article is Open access

Oil Price Factors: Forecasting on the Base of Modified ARIMA Model

and

Published under licence by IOP Publishing Ltd
, , Citation Anthony Msafiri Nyangarika and Bao-jun Tang 2018 IOP Conf. Ser.: Earth Environ. Sci. 192 012058 DOI 10.1088/1755-1315/192/1/012058

1755-1315/192/1/012058

Abstract

The paper proposes the modification of ARIMA model for finding the parameters of estimation and forecasts using exponential smoothing. The study use data Brent crude oil price and gas prices in the period from January 1991 to December 2016. The result of the study showed an improvement in the accuracy of the predicted values, while the emissions occurred near the end of the time series. It has minimal or no effect on other emissions of this data series. The study suggests that investors can predict prices by analyzing the possible risks in oil futures markets.

Export citation and abstract BibTeX RIS

Content from this work may be used under the terms of the Creative Commons Attribution 3.0 licence. Any further distribution of this work must maintain attribution to the author(s) and the title of the work, journal citation and DOI.

Please wait… references are loading.
10.1088/1755-1315/192/1/012058