|About the Book|
An industry leader reveals how to effectively analyze, model, and forecast todays commodity marketsCommodity Modeling and Pricing provides extensions and applications of state-of-the-art methods for analyzing resource commodity behavior. Applications of these methods cover the modeling of the dynamic behavior of resource markets and their prices, as well as their interaction with the environment. This book first considers the way in which commodity prices exhibit nonlinear, cyclical, or chaotic fluctuations over time. It then moves on to emphasize how market disequilibrium reflected in inventory adjustments affects this price behavior. Filled with in-depth insights and expert advice, Commodity Modeling and Pricing contains the information readers need to excel in this demanding environment.Peter Schaeffer (Morgantown, WV) is Professor of Economic Policy at West Virginia University and served as a director of the Division of Resource Management from 1993 to 2006.