Files
Abstract
Primary commodities are the most essential inputs within the industrial production of goods and services. Business cycles and macroeconomic factors such as supply and demand contribute to primary commodity price behavior. The financialization of primary commodities has given rise to the futures price market, which allows rational expectations and speculative behavior to influence commodity prices. In applying industrial, financial, market structure, and economic relationships, a number of commodities price analysis and forecasting techniques can be utilized to predict future prices. Valuable to companies within the modern economic environment, forecasting and price analysis methodologies provide descriptive and statistical business intelligence, contextual to primary commodities and relevant industries. In applying primary commodities forecasting, firms inform decision-making processes, enhance strategic management capabilities, and improve competitiveness within their particular marketplaces.