Speculative behaviour and oil price predictability

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Panopoulou, Ekaterini; Pantelidis, Theologos;
(2013)
  • Publisher: Kent Business School Working Paper 289
  • Subject: HG

We develop two- and three-state regime switching models and test their forecasting ability for oil prices. We use the deviations of market oil price from fundamental values as the main explanatory variable in our models, while additional potential predictors enrich our ... View more
  • References (35)
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