Use time series models to predict oil prices - Case Study of Algeria Oil Prices -

Abstract

Energy is one of the pillars of the economies of both consuming and producing countries, which has made the oil market not only influenced by market laws. It is governed by a set of conflicting policies and strategies between the interests of the major industrialized countries consuming oil and the oil producing countries as well as between the bodies and organizations representing each party, In terms of price fixing.

The changes in oil prices, which in turn affect the movement of exports in general and the revenues of countries in particular, know that the mechanisms of the evolution of energy price levels help in making appropriate decisions, especially with regard to the structure of energy diversification within the strategy of economic growth in the shrinking world economy which Our study aims to propose an appropriate standard model for the daily prices of Algeria's oil and its forecast in the short term.