Auto Regressive Distributed Lag Model for Crude Oil (Brent) and Crude Oil (WTI)
Dhaval Maheta
Dr. Dhaval Maheta, Assistant Professor, Department of Business and Industrial Management, Surat (Gujarat), India.
Manuscript received on 28 November 2019 | Revised Manuscript received on 08 December 2019 | Manuscript Published on 16 December 2019 | PP: 508-511 | Volume-8 Issue-3S3 November 2019 | Retrieval Number: C10901183S319/2019©BEIESP | DOI: 10.35940/ijrte.C1090.1183S319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: It has been found through various literatures that Crude Oil (Brent) and Crude Oil (WTI) series moves in close proximity. This paper tries to examine the causality relationship between Crude Oil(WTI) and Crude Oil(Brent). In absence of cointegration between the two series Auto Regressive Distributed Lag Model was used.
Keywords: Crude Brent Oil, West Texas Intermediate (WTI) Oil.
Scope of the Article: Social Sciences