Article
A short-term adaptive forecasting model for BIFFEX speculation: a Box-Jenkins approach
There are numerous possible advantages to be gained from the accurate prediction of future movements in the Baltic Freight Index (BFI). Because of the difficulties inherent in long-range forecasting, however, the potential for such predictions to provide insight into the future state of the physical dry bulk market is perhaps limited. The greater accuracy of short-term forecasts, on the other hand, facilitates the development of a forecasting model for use as a tool for speculation.