MODELLING AND FORECASTING CRUDE OIL PRICES DURING COVID-19 PANDEMIC
نویسندگان
چکیده
Currently, the world suffers from COVID-19 pandemic, which affects almost every aspect of daily life, giving rise to recession and affecting prices crude oil. The study aims model high uncertainty volatility as well forecast oil during pandemic. One econometric applied in this is Generalised Autoregressive Conditional Heteroscedasticity (GARCH) that allows more accurate appropriate statistical analyses. Particularly, also discusses solving economic issues on condition any disturbances stability prices. findings suggest AR(1)-GARCH(1,1) a well-fitted predict relatively small errors. This can act foundation for determining strategies future while facing such uncertain circumstances.Keywords: Forecasting, Crude prices, Pandemic, modelJEL Classifications: C5, C53, C58, Q4, Q47DOI: https://doi.org/10.32479/ijeep.10578
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ژورنال
عنوان ژورنال: International Journal of Energy Economics and Policy
سال: 2021
ISSN: ['2146-4553']
DOI: https://doi.org/10.32479/ijeep.10578