State-space Implementation in Forecasting Carbon and Gas Prices in Commodity Markets

Autor: Rialdi Azhar, Febryan Kusuma Wisnu, Fajrin Satria Dwi Kesuma, Widya Rizki Eka Putri, Rian Andri Prasetya
Jazyk: angličtina
Rok vydání: 2022
Předmět:
Zdroj: International Journal of Energy Economics and Policy, Vol 12, Iss 3 (2022)
Druh dokumentu: article
ISSN: 2146-4553
DOI: 10.32479/ijeep.12894
Popis: Carbon is a waste that becomes a new economic commodity. It has been traded like stock prices in commodity markets. Owing to its new status, research on carbon price movements as a new economic commodity linked to gas has gained a considerable amount of interest. A deeper observation of the future of world gas prices can also be an indicator of the stability of this commodity. We use the state-space model as a statistical basis for modeling the daily movement of carbon values ​​and gas prices. As a result, as we have calculated, the state-space model is able to predict and provide in-depth observational information on the relationship between carbon and gas. The economic implications show that carbon is not only good for the environment; its trading in the stock exchange also indicates that it can be a new stable and sustainable economic commodity.
Databáze: Directory of Open Access Journals