Therefore, examining the seasonal behavior of spot price is an important first step in ascertaining the characteristics of futures or forward prices. Using the US natural gas price as an example, we find that seasonality in the gas spot price appears to be non-deterministic and non-stationary. ...
It has been widely reported that anthropogenic warming is detectable with high confidence after the 1950s. However, current palaeoclimate records suggest an earlier onset of industrial-era warming. Here, we combine observational data, multiproxy palaeo r
Economic conditions — You can have “high season” marked on your hotel’s calendar in bright red letters, but if travelers facehard economic times, then they’re more likely to stay home. When gas prices skyrocket or a local economy takes a nosedive, travel seasons can transform completely...
Analyzes the price dynamics of two important energy futures such as crude oil and natural gas. Estimation of model on natural gas prices; Variance-covariance structure of natural gas returns; Models recognizing seasonality in natural gas prices.Todorova...
Analyzes the price dynamics of two important energy futures such as crude oil and natural gas. Estimation of model on natural gas prices; Variance-covariance structure of natural gas returns; Models recognizing seasonality in natural gas prices.Todorova...
We also consider a seasonal component in the price level, an essential characteristic of many commodity prices, which we represent again by a Fourier series. We obtain analytical pricing expressions for futures contracts. Using futures price data on Natural Gas, we provide evidence on the presence...
In short,supply and demandare affected by seasonal trends, from natural events like weather toconsumer behaviorand investor expectations. Investors who are expecting, say, a seasonal rally, may end up driving prices higher due to the sheer volume of buying. In other words, seasonality can be a...