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Modeling Gas Prices in Poland with an Application of the Vector Autoregression Method (VAR)

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  • Mentel Grzegorz

    (Rzeszow University of Technology Faculty of Management Department of Quantitative Methods Powstańców Warszawy 8, 35-959 Rzeszów, Poland)

Abstract

The paper presents examples of gas prices modeling in Poland by means of the VAR model (AutoRegression Vector Model). For comparison, the predictions are made for the models estimated by different variations of the generalized least squares method.

Suggested Citation

  • Mentel Grzegorz, 2012. "Modeling Gas Prices in Poland with an Application of the Vector Autoregression Method (VAR)," Folia Oeconomica Stetinensia, Sciendo, vol. 12(2), pages 46-57, December.
    • Handle: RePEc:vrs:foeste:v:12:y:2012:i:2:p:46-57:n:5
    DOI: 10.2478/v10031-012-0029-2
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    References listed on IDEAS

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    1. Shafiee, Shahriar & Topal, Erkan, 2010. "A long-term view of worldwide fossil fuel prices," Applied Energy, Elsevier, vol. 87(3), pages 988-1000, March.
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