Year: 2012
Author: Pierdzioch, Christian, Rülke, Jan-Christoph, Stadtmann, Georg
Credit and Capital Markets – Kredit und Kapital, Vol. 45 (2012), Iss. 3 : pp. 407–440
Abstract
Metal Price Forecasts: Asymmetric Loss Functions and Rationality
Metals are important industrial raw and basic materials. Owing to the extremely strong fluctuations of metal prices, forecasts of future price developments are often in the focus of reporting by the media. This article analyses forecasts of six different metal prices, where the discussion focuses in particular on the form of forecasters' loss function and the rationality of forecasts. The micro data we have used show a marked heterogeneity with respect to both aspects both across the analysed metal prices and across the forecasters for some of the metals studied.
Journal Article Details
Publisher Name: Global Science Press
Language: German
DOI: https://doi.org/10.3790/kuk.45.3.407
Credit and Capital Markets – Kredit und Kapital, Vol. 45 (2012), Iss. 3 : pp. 407–440
Published online: 2012-07
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 34
Author Details
-
A note on forecasting the prices of gold and silver: Asymmetric loss and forecast rationality
Pierdzioch, Christian
Rülke, Jan-Christoph
Stadtmann, Georg
The Quarterly Review of Economics and Finance, Vol. 53 (2013), Iss. 3 P.294
https://doi.org/10.1016/j.qref.2013.04.002 [Citations: 7]