Application of ARIMA Model in Short-Term Prediction of International Crude Oil Price-Reference-Cited by-同舟云学术

Application of ARIMA Model in Short-Term Prediction of International Crude Oil Price

Published:2013-09 Issue: Volume:798-799 Page:979-982
ISSN:1662-8985
Container-title:Advanced Materials Research
language:
Short-container-title:AMR

Author:

Xiang Ying¹,Zhuang Xiao Hong¹

Affiliation:

1. Changzhou Institute of Mechatronic Technology

Abstract

International crude oil price is the referential scale of spot crude oil price and refined oil price. This paper made an analysis and prediction of Brent crude oil price by ARIMA model based on its price data from November 2012 to April 2013. It indicated that model ARIMA (1,1,1) possessed good prediction effect and can be used as short-term prediction of International crude oil price.

Publisher

Trans Tech Publications, Ltd.

Subject

General Engineering

Link

https://www.scientific.net/AMR.798-799.979.pdf

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