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Using Computer Techniques To Predict OPEC Oil Prices For Period 2000 To 2015 By Time-Series Methods

Journal: International Journal of Scientific & Technology Research (Vol.5, No. 6)

Publication Date:

Authors : ; ; ;

Page : 223-230

Keywords : Fluctuations in oil prices; prediction; Time-Series Forecasting; computer techniques; Holt Winter; Exponential Smoothing; Analyzing Techniques; Stationary; information technology.;

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The instability in the world and OPEC oil process results from many factors through a long time. The problems can be summarized as that the oil exports dont constitute a large share of N.I. only but it also makes up most of the saving of the oil states. The oil prices affect their market through the interaction of supply and demand forces of oil. The research hypothesis states that the movement of oil prices caused shocks crises and economic problems. These shocks happen due to changes in oil prices need to make a prediction within the framework of economic planning in a short run period in order to avoid shocks through using computer techniques by time series models.

Last modified: 2017-06-11 22:50:08