Influence of Oil Price on Corn Price Based on Multiple Linear Regression Model

doi:10.1007/978-981-16-4258-6_111

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	Influence of Oil Price on Corn Price Based on Multiple Linear Regression Model
	Liu, Xinyu; Wang, Yanan
	2022
会议日期	February 1, 2020 - February 3, 2020
会议地点	Taichung, Taiwan
关键词	Agricultural products Costs Crude oil International trade Software testing Corn future Correlation tests Crude oil prices Energy Energy prices Eviews10 Multiple linear regression models National level Oil Prices Price based
卷号	791
DOI	10.1007/978-981-16-4258-6_111
页码	909-916
英文摘要	Since 2000, the energy attributes of agricultural products have gradually emerged. The fluctuations in the prices of international agricultural products can be explained by changes in international energy and international finance, which makes energy prices attract attention and research from all walks of life. After analyzing the impact of international oil prices and Chinese oil prices on corn prices, it is found that corn prices, WTI crude oil prices and Shanghai crude oil prices have the characteristics of "left-leaning and peak". Through the multiple linear regression model, using EViws software for regression analysis and correlation test, it is concluded that oil price has a significant impact on corn price. Therefore, at the national level, farmers should spread knowledge, and transmit relevant information, and increase various subsidies; farmers and the corn processing industry should pay close attention to oil prices, and timely and accurately predict the direction of corn price fluctuations. Can reduce costs and increase profits. © 2022, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
会议录	Lecture Notes in Electrical Engineering
会议录出版者	Springer Science and Business Media Deutschland GmbH
语种	英语
ISSN号	1876-1100
内容类型	会议论文
源URL	[http://ir.lut.edu.cn/handle/2XXMBERH/158073]
专题	兰州理工大学
作者单位	School of Economics and Management, Lanzhou University of Technology, Gansu, Lanzhou, China
推荐引用方式 GB/T 7714	Liu, Xinyu,Wang, Yanan. Influence of Oil Price on Corn Price Based on Multiple Linear Regression Model[C]. 见:. Taichung, Taiwan. February 1, 2020 - February 3, 2020.