Open AccessAuto Regressive Distributed Lag Model for Crude Oil (Brent) and Crude Oil (WTI)
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.c1090.1183s319
Subject(s) - brent crude , west texas intermediate , crude oil , distributed lag , cointegration , autoregressive model , series (stratigraphy) , econometrics , petroleum engineering , mathematics , geology , paleontology
It has been found through various literatures that Crude Oil (Brent) and Crude Oil (WTI) series moves in close proximity. This paper tries to examine the causality relationship between Crude Oil(WTI) and Crude Oil(Brent). In absence of cointegration between the two series Auto Regressive Distributed Lag Model was used.