The relation of monthly spot to futures prices for natural gas

John H. Herbert

Energy, 1993, vol. 18, issue 11, 1119-1124

Abstract: The relationship between the spot price for natural gas for a delivery month and the futures contract price for the same delivery month is examined. The estimated regression equation provides a good summary of the relationship between spot and futures prices for the time period and can also be used to obtain accurate forecasts of spot prices. It appears that the natural gas futures market is inefficient.

Date: 1993
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:18:y:1993:i:11:p:1119-1124

DOI: 10.1016/0360-5442(93)90084-Q

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