A Matter of Principal
Abstract
Developing term structure models can be tricky, as unknown factors and non-observable variables can affect futures prices. But principal components analysis is useful in tackling these problems. Here, Delphine Lautier uses PCA to pin down price movements, test their stability over time and to discover whether the maturity date affects price dynamics.Download Info
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Paper provided by Université Paris-Dauphine in its series Open Access publications from Université Paris-Dauphine with number urn:hdl:123456789/5471.Length:
Date of creation: Nov 2005
Date of revision:
Publication status: Published in Energy Risk (2005-11) v., p.58-62
Handle: RePEc:ner:dauphi:urn:hdl:123456789/5471
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Web page: http://www.dauphine.fr/en/welcome.html
Related research
Keywords: Oil; Technology;Find related papers by JEL classification:
- C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
- G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
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Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Chantziara, Thalia & Skiadopoulos, George, 2008. "Can the dynamics of the term structure of petroleum futures be forecasted? Evidence from major markets," Energy Economics, Elsevier, vol. 30(3), pages 962-985, May.
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