Forecasting retail fuel prices with spatial interdependencies

C-Tier
Journal: Economics Letters
Year: 2025
Volume: 247
Issue: C

Authors (2)

Clements, Adam (not in RePEc) Otero, Jesús (Universidad del Rosario)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper forecasts station-level retail fuel prices using econometric methods, incorporating spatial interdependencies. Error correction models with cross-sectional dependence outperform autoregressive models with wholesale prices or spatial effects, demonstrating the benefits of spatial interdependencies in terms of improved forecasting performance.

Technical Details

RePEc Handle
repec:eee:ecolet:v:247:y:2025:i:c:s0165176524006128
Journal Field
General
Author Count
2
Added to Database
2026-01-25