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Creating Econometric Models: Evaluation and Analysis

In: World Market Price of Oil

Author

Listed:
  • Adalat Muradov

    (Azerbaijan State University of Economics)

  • Yadulla Hasanli

    (Azerbaijan State University of Economics)

  • Nazim Hajiyev

    (Azerbaijan State University of Economics
    Harvard University)

Abstract

The data provided in Appendixes A–C was used in conducting the analysis and realization of the models. More precisely, data on the daily price of Brent crude oil in world oil, covering the period from January 2, 1986, to December 29, 2017 (US Energy Information Administration 2018a, b) (Appendix B); average annual oil prices in 1986–2017 (Appendix C) and 1861–2016 (Table 2.4); and the Wolf number information characterizing solar activity during the period 1700–2017 are included as inputs into the models.

Suggested Citation

  • Adalat Muradov & Yadulla Hasanli & Nazim Hajiyev, 2019. "Creating Econometric Models: Evaluation and Analysis," SpringerBriefs in Economics, in: World Market Price of Oil, chapter 0, pages 21-40, Springer.
    • Handle: RePEc:spr:spbchp:978-3-030-11494-7_2
    DOI: 10.1007/978-3-030-11494-7_2
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