Economics, Econometrics and Finance
3 years ago

Gold price forecasts in Pakistan revolutionized by new predictive model!

1 view
Review of Economics and Development Studies
Application of Markov Regime Switching Autoregressive Model to Gold Prices in Pakistan
Tahira Bano Qasim, Gul Zaib Iqbal, Mahmood Ul Hassan, Hina Ali

Paper Summary

The study looked at using a special math model to predict gold prices in Pakistan. They found that the model worked well even when the data was messy and changed a lot. The model could predict prices accurately by considering different patterns in the data. This means the model could be useful in other areas too.

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