Economics, Econometrics and Finance
4 years ago

Gold prices in India set to skyrocket in next decade, impacting investors.

Journal of Mathematical and Computational Science
Forecast and trend analysis of gold prices in India using auto regressive integrated moving average model
J. Surendra, K. Rajyalakshmi, B.V. Apparao, G. Charankumar, Abhishek Dasore

Paper Summary

The researchers used a statistical method called ARIMA to forecast gold prices in India from 2020 to 2029. They found that factors like traditional demand and low interest rates contribute to the rise in gold prices. By analyzing historical data, they identified a suitable ARIMA model and predicted a positive trend in gold prices for the future.

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