Is the Future Price can be Predicted through Spot and Forward Price?
The Effect Of Servicequalityand Customer Relationshipmarketingon Customer Retentionand Switching Intentionas Intervening Variables at Pada PT Bank Rakyat Indonesia Iskandar Muda Branch, Medan, North Sumatra, Indonesia
April 5, 2019Macroeconomic Analysis of The Polish Economy and Mid-Term Forecasts. The Future’s Bright?
April 5, 2019Is the Future Price can be Predicted through Spot and Forward Price?
ABSTRACT: The purpose of this study is to see the effect of spot and forward prices on futures prices on olein products on the Bursa Berjangka Jakarta or Jakarta Futures Exchange (JFX) for the 2015-2017 period. The research method used by the quantitative approach. The data used are secondary data, obtained from bappebti.co.id and jfx.co.id. The results of this study indicate that forward rates do not affect futures rates, while spot rates affect the futures rates. Thus the spot price is the best predictor in predicting futures prices.
KEYWORDS –Forward Prices, Spot Prices, Future Prices, Olein Commodity, Jakarta Futures Exchange