Application of ARIMA Model to Forecast Gold Price in Vietnam

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F17%3A63517421" target="_blank" >RIV/70883521:28120/17:63517421 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Application of ARIMA Model to Forecast Gold Price in Vietnam
Original language description
The paper is dealing with the analysis of the gold price in Vietnam. In line with the outbreak of the global financial crisis, the prices of gold have reached very high level. The gold started to be very attractive and safe investment. Therefore, investors are always looking forward to the research analysis related to the future price of gold. One of the possible methods for the prediction of gold price is ARIMA model historically developed by George Box and Gwilym Jenkins 1976. The paper will use this model for the forecast of gold price in Vietnam. Based on the comprehensive analysis the paper come to the conclusion that how investors could avoid the risks related the price volatility in the international market with gold and as well how this development will influence the prices of gold in Vietnam in the forward market. The forecast Arima (5,1,5) model is excellent in this case with the forecast error is about 3.46%.
Czech name
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Czech description
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Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Conference Proceedings The 11th International Days of Statistics and Economics
ISBN
978-80-87990-12-4
ISSN
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e-ISSN
neuvedeno
Number of pages
9
Pages from-to
469-477
Publisher name
Melandrium
Place of publication
Slaný
Event location
Praha
Event date
Sep 14, 2017
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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