TY - JOUR
T1 - A predictive model of the freight rate of the international market in capesize dry bulk carriers
AU - Chang, Ching Chih
AU - Hsieh, Chin Yuan
AU - Lin, Yung Chih
PY - 2012/3/1
Y1 - 2012/3/1
N2 - This study examines the considerable fluctuations of the world's dry bulk shipping market from November 1995 to September 2008. The major objective is to provide a forecasting model for the freight rate in relation to the second-hand ship price. The results indicate an acceptable level of prediction according to Mean Absolute Percentage Error (MAPE), with a value no more than 20%. It is anticipated that this research will prove germane to major stakeholders, including owners, charters, investors and bankers, by forecasting the freight rate and thereby expediting the decisionmaking process.
AB - This study examines the considerable fluctuations of the world's dry bulk shipping market from November 1995 to September 2008. The major objective is to provide a forecasting model for the freight rate in relation to the second-hand ship price. The results indicate an acceptable level of prediction according to Mean Absolute Percentage Error (MAPE), with a value no more than 20%. It is anticipated that this research will prove germane to major stakeholders, including owners, charters, investors and bankers, by forecasting the freight rate and thereby expediting the decisionmaking process.
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U2 - 10.1080/13504851.2011.576998
DO - 10.1080/13504851.2011.576998
M3 - Article
AN - SCOPUS:80051869933
SN - 1350-4851
VL - 19
SP - 313
EP - 317
JO - Applied Economics Letters
JF - Applied Economics Letters
IS - 4
ER -