How does our industry fare with commodity price forecasts?
Accurate commodity price forecasting is essential for both public and private sectors. These forecasts are used in resource estimates and mining feasibility studies, influence government policies and fiscal budgets, and impact entire economies by affecting potential future trade balances.
In this issue of the Alchemist, we take a deep dive into gold price forecasts and utilising a number of statistical tools, analyse their performance. Our analysis suggests that the forecasting industry may benefit from refining its approach…
