Aluminium Price and Macroeconomics/ Aluminium Price Simulator
#Aluminium #Forecasting #macroeconomics
Aluminium LME is global benchmark for aluminium prices. Aluminium Price is affected by various macro economic factors like Primary Aluminium production, Energy prices, Currency fluctuations, US #federalreserve rate, US Inflation rate, Ocean freight (Baltic Index), etc.
In this video, we have explained how various macro economic factors impact #aluminiumprice and how to simulate price of aluminium considering macro economic factors.
Few of our old videos below help you to understand the concepts explained in this video,
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Commodity price forecasting is one of important things for many commodity buyers. Aluminium is one of the primary metal which is consumed in many industries like automobile, construction, consumer durables, packaging, etc. Aluminium price analysis involves Aluminium and macro economic factors effects need to be studied for better predictions.
This video shows how to simulate the price of aluminium with Excel / #spreadsheet without the need of any data analytics programming requirements like Python / R.
00:00 Introduction
01:15 Macro Economic Factors data and source
02:47 Correlation Analysis
04:38 Aluminium Price Simulation Model Building
09:57 Aluminium Price Simulation / Aluminium Price Forecasting
11:57 Model Validation
14:14 Conclusion
Aluminium price prediction can be simulated by any one after watching this video… Macro economic factors impact on aluminium prices is explained with the use of simulation in Excel.
Reason for why Aluminium price is falling and why copper prices are rising is explained with help of simulated values of macro economic factors…Aluminium price forecast will look simple after watching this video…
Data Source :
1. LME Aluminium Cash-Settlement - https://www.lme.com/
2. Fed Rate - https://www.federalreserve.gov/moneta...
3. Brent Crude - https://in.investing.com/
4. Coking Coal - https://in.investing.com/
5. USD/CNY - https://in.investing.com/
6. Natural Gas - https://in.investing.com/
7. EUR/USD - https://in.investing.com/
8. US Inflation Rate - https://www.usinflationcalculator.com...
9. Primary Aluminium Production - https://international-aluminium.org
10. Baltic Dry Index - https://in.investing.com/
If you have any queries, please mention it in comment section...
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