Download Quantitative and Empirical Analysis of Energy Markets by Apostolos Serletis PDF

By Apostolos Serletis

Книга Quantitative and Empirical research of strength Markets Quantitative and Empirical research of strength MarketsКниги Экономика Автор: Apostolos Serletis Год издания: 2007 Формат: pdf Издат.:World clinical Publishing corporation Страниц: 304 Размер: 3,7 Mb ISBN: 9812704744 Язык: Английский0 (голосов: zero) Оценка:Quantitative and Empirical research of strength Markets (World medical sequence on power and source Economics)By Apostolos Serletis

Show description

Read Online or Download Quantitative and Empirical Analysis of Energy Markets PDF

Best oil & energy books

Sustainable Agriculture and Food Security in an Era of Oil Scarcity: Lessons from Cuba

Whilst different countries are pressured to reconsider their agricultural and meals safety techniques in gentle of the post-peak oil debate, they simply have one residing instance to attract from: that of Cuba within the Nineties. according to the 1st and, up until eventually now, in basic terms systematic and empirical research to come back out of Cuba in this subject, this e-book examines how the country effectively headed off its personal foodstuff trouble after the dissolution of the Soviet Bloc within the early Nineteen Nineties.

Response Control and Seismic Isolation of Buildings (Cib Proceedings)

This state-of-the-art document from a world activity workforce (TG44) of CIB, the foreign Council of creating learn agencies, provides a hugely authoritative advisor to the applying of cutting edge applied sciences on reaction keep watch over and seismic isolation of structures to perform world wide. many nations and towns can be found in earthquake-prone components making powerful seismic layout a massive factor in structural engineering.

Big Blues: The Unmaking of IBM

Presents the interior tale of the increase and fall of IBM, delivering a devastating research of company paperwork, loss of foresight, and decline. Reprint. 75,000 first printing. journey. LJ. NYT. okay.

Energy Security: Visions from Asia and Europe

A brand new examine the several views on power safeguard guidelines of eu and Asian nations. The publication explains the explanations for the failure of ecu universal strength rules and the deficiencies within the rules in the direction of valuable Asia. It examines chinese language power international relations, and the opportunity of power pageant and cooperation in Northeast Asia.

Additional resources for Quantitative and Empirical Analysis of Energy Markets

Example text

Consequently, shedding some light on what these factors might be (that is, to investigate whether they are liquidity factors or information factors) could be the subject of particularly constructive future empirical work. Chapter 4 Business Cycles and the Behavior of Energy Prices Apostolos Serletis and Vaughn W. 1 Introduction The theory of storage, which postulates that the marginal convenience yield on inventory falls at a decreasing rate as aggregate inventory increases [see, for example, Brennan (1958), Telser (1958), and Working (1949)], is the dominant model of commodity futures prices.

3. 1), t is the number of days remaining until the futures contract expires, V OL(t) is the number of futures contracts traded on day t, and the error terms, ε(t) and u(t) are each assumed to be independently and identically distributed. The constant term α0 measures the price variability at maturity and should be positive under the assumption that it equals the variability of the spot price on that day. The slope coefficient α1 measures the sensitivity of the variability of the futures price to changes in time to maturity.

This is a maximum likelihood approach for estimating long-run relations in multivariate vector autoregressive models. This approach, by allowing the analysis of the data in a full system of equations model, is sufficiently flexible to account for long-run properties as well as short-run dynamics. Cointegration is designed to deal explicitly with the analysis of the relationship between non-stationary time series. In particular, it allows individual time series to be non-stationary but requires a linear combination of the series to be stationary.

Download PDF sample

Rated 4.27 of 5 – based on 38 votes