Composite Models for Short Term Forecasting for Natural Rubber Prices

The economet1ic technique and Box-jenhins univariate method have been applied in forecasting natural rubber prices. This study developed a short term forecasting model known as the composite model, by combining the econometric and univariate models. The results indicate that the composite model pr...

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Bibliographic Details
Main Authors: Shamsudin, Mad Nasir, Mohd Arshad, Fatimah
Format: Article
Language:English
English
Published: 1990
Online Access:http://psasir.upm.edu.my/id/eprint/2791/1/Composite_Models_for_Short_Term_Forecasting_for.pdf
http://psasir.upm.edu.my/id/eprint/2791/
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Institution: Universiti Putra Malaysia
Language: English
English
Description
Summary:The economet1ic technique and Box-jenhins univariate method have been applied in forecasting natural rubber prices. This study developed a short term forecasting model known as the composite model, by combining the econometric and univariate models. The results indicate that the composite model produces more efficient forecasts than the econometric and univariate models.