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Application of ARIMA model to forecast gold price in Vietnam

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dc.title Application of ARIMA model to forecast gold price in Vietnam en
dc.contributor.author Ho, Thanh Tri
dc.contributor.author Phan, Dao
dc.contributor.author Nguyen, Van Ninh
dc.contributor.author Sipko, Juraj
dc.relation.ispartof 11th International Days of Statistics and Economics
dc.date.issued 2017
dc.citation.spage 469
dc.citation.epage 477
dc.event.title 11th International Days of Statistics and Economics
dc.event.location Prague
utb.event.state-en Czech Republic
utb.event.state-cs Česká republika
dc.event.sdate 2017-09-14
dc.event.edate 2017-09-16
dc.type conferenceObject
dc.language.iso en
dc.publisher Melandrium
dc.subject gold price en
dc.subject ARIMA model en
dc.subject international markets for gold en
dc.subject demand en
dc.subject and supply for gold en
dc.description.abstract 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%. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1008476
utb.identifier.rivid RIV/70883521:28120/17:63517421!RIV18-MSM-28120___
utb.identifier.obdid 43877398
utb.identifier.wok 000455325300046
utb.source d-wok
dc.date.accessioned 2019-07-08T11:59:50Z
dc.date.available 2019-07-08T11:59:50Z
utb.contributor.internalauthor Ho, Thanh Tri
utb.contributor.internalauthor Nguyen, Van Ninh
utb.fulltext.affiliation Thanh Tri Ho, Dao Phan, Van Ninh Nguyen, Juraj Sipko Ho Thanh Tri Tomas Bata University T.G. Masaryka 5555 760 01 Zlín, Czech Republic tho@fame.utb.cz Phan Đao Ton Duc Thang University 19 Nguyen Huu Tho street, Dist. 7, HCMC, Viet Nam phandao@tdt.edu.vn Nguyen Van Ninh Tomas Bata University T.G. Masaryka 5555 760 01 Zlín, Czech Republic n1nguyen@fame.utb.cz Juraj Sipko Institute of Economic Research SAS Sancova 56 Bratislava 811 05 jurajsipko@gmail.com
utb.fulltext.dates -
utb.wos.affiliation [Thanh Tri Ho; Van Ninh Nguyen] Tomas Bata Univ, TG Masaryka 5555, Zlin 76001, Czech Republic; [Dao Phan] Ton Duc Thang Univ, 19 Nguyen Huu Tho St, Hcmc, Vietnam; [Sipko, Juraj] Inst Econ Res SAS, Sancova 56, Bratislava 81105, Slovakia
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