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Bibliographische Detailangaben
Beteilige Person: Kumar, Manmohan S. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 1991
Schriftenreihe:IMF Working Papers Working Paper No. 91/93
Links:http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
http://elibrary.imf.org/view/IMF001/02567-9781451951110/02567-9781451951110/02567-9781451951110.xml
Abstract:This paper undertakes an investigation into the efficiency of the crude oil futures market and the forecasting accuracy of futures prices. Efficiency of the market is analysed in terms of the expected excess returns to speculation in the futures market. Accuracy of futures prices is compared with that of forecasts using alternative techniques, including time series and econometric models, as well as judgemental forecasts. The paper also explores the predictive power of futures prices by comparing the forecasting accuracy of end-of-month prices with weekly and monthly averages, using a variety of different weighting schemes. Finally, the paper investigates whether the forecasts from using futures prices can be improved by incorporating information from other forecasting techniques
Umfang:1 Online-Ressource (54 p)
ISBN:1451951116
9781451951110