The Baltic Dry Index
Statistical Tools for Forecasting, Investment and Hedging Strategies
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Beschreibung
This book provides the knowledge and skills needed to analyze the Baltic Dry Index (BDI), its development, patterns, models, etc., from a statistical perspective. The BDI is one of the leading indicators of the maritime transport sector incorporating aspects of the future of the world economic activity. The core themes of the book deal with issues such as stationary and non-stationary time series; regression models; volatility of the BDI; cluster analysis; Markov models, etc. Moreover, the book demonstrates the practical implications than can be drawn from the statistical analysis of BDI for the shipping industry and other exporting industries, covering statistical forecasting, calculation of investment risks, hedging strategies and other tools to help the shipping industry to make sound business and investment decisions.
The book places great emphasis on a practical statistical approach to analyze the Baltic Dry Index using the free software Rstudio. Every chapter contains numerous examples of the application of the statistical methods and techniques analyzed, including the R commands, so that a reader can retrace the steps of the practical implementation of these methods and techniques to a particular subject.
The book is of interest to graduate students and scholars in economics, as well as brokers, managers, and professionals, etc., who wish to gain a deeper understanding of the BDI and its statistical implications for sound investment decisions.
This book provides the knowledge and skills needed to analyze the Baltic Dry Index (BDI), its development, patterns, models, etc., from a statistical perspective. The BDI is one of the leading indicators of the maritime transport sector incorporating aspects of the future of the world economic activity. The core themes of the book deal with issues such as stationary and non-stationary time series; regression models; volatility of the BDI; cluster analysis; Markov models, etc. Moreover, the book demonstrates the practical implications than can be drawn from the statistical analysis of BDI for the shipping industry and other exporting industries, covering statistical forecasting, calculation of investment risks, hedging strategies and other tools to help the shipping industry to make sound business and investment decisions.
The book places great emphasis on a practical statistical approach to analyze the Baltic Dry Index using the free software Rstudio. Every chapter contains numerous examples of the application of the statistical methods and techniques analyzed, including the R commands, so that a reader can retrace the steps of the practical implementation of these methods and techniques to a particular subject.
The book is of interest to graduate students and scholars in economics, as well as brokers, managers, and professionals, etc., who wish to gain a deeper understanding of the BDI and its statistical implications for sound investment decisions.
Provides the tools for a practical analysis of the Baltic Dry Index Contains numerous examples, including R commands, so that any reader can reproduce the models in Rstudio Illustrates statistical implications of BDI for the shipping industry and investment decisions
Autor*in
José Ramón San Cristóbal
Themen in »The Baltic Dry Index«
Maritime economics Shipping economics Transportation economics Maritime transport sector Applied statistics for economics Linear time series analysis Markov models Volatility models Risk management Baltic Capesize Index Baltic Panamax Index Supramax Index Baltic Handymax Index Time series forecasting Shipping industry