Are Commodity Price Fluctuations Predictable?
نویسندگان
چکیده
منابع مشابه
Volatility and Commodity Price Dynamics
Commodity prices tend to be volatile, and volatility itself varies over time. Changes in volatility can affect market variables by directly affecting the marginal value of storage, and by affecting a component of the total marginal cost of production: the opportunity cost of exercising the option to produce the commodity now rather than waiting for more price information. I examine the role of ...
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ژورنال
عنوان ژورنال: Preview
سال: 2015
ISSN: 1443-2471,1836-084X
DOI: 10.1071/pvv2015n175p44