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Journal : Quantitative Economics and Management Studies

Investigating The Unexpected Price Plummet And Volatility Rise In Energy Market: A Comparative Study of Machine Learning Approaches Ojugo, Arnold Adimabua; Otakore, Oghenevwede Debby
Quantitative Economics and Management Studies Vol. 1 No. 3 (2020)
Publisher : Yayasan Ahmar Cendekia Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (658.006 KB) | DOI: 10.35877/454RI.qems12119

Abstract

The energy market aims to manage risks associated with prices and volatility of oil asset. It is a capital-intensive market that is rippled with chaos and complex interactions among its demand-supply derivatives. Models help users forecast such interactions, to provide investors with empirical evidence of price direction. Our study sought to investigate the reasons for the unexpected plummet in price of the energy market using evolutionary modeling – which seeks to analyze input data and yield an optimal, complete solution that are tractable, robust and low-cost with tolerance of ambiguity, uncertainty and noise. We adopt the Gabillon’s model to: (a) predict spots/futures prices, (b) investigate why previous predictions failed as to why price plummet, and (c) seek to critically evaluate values reached by both proposed deep learning model and the memetic algorithm by Ojugo and Allenotor (2017).
Predicting Futures Price And Contract Portfolios Using The ARIMA Model: A Case of Nigeria’s Bonny Light and Forcados Ojugo, Arnold Adimabua; Yoro, Rume Elizabeth
Quantitative Economics and Management Studies Vol. 1 No. 4 (2020)
Publisher : Yayasan Ahmar Cendekia Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (381.974 KB) | DOI: 10.35877/454RI.qems139

Abstract

Market prediction has been the goal of many study as investors sought traded assets since the inception of the capital market. With each asset exchanged for money, investors seek to stay ahead the market trend in the hope of amassing profits. Businesses’ growth (rise/fall) is evident upon their response to market behaviour. Thus, accurate prediction of the market often offers as its reward, enlarged financial portfolio. Market participants thus, seek to manage the risks associated with asset prices and its volatility, which can be rippled with chaos and complex tasks arising from a demand-supply curve. We seek to model the Oil market and forecast its price direction supported with empirical evidence using ARIMA model to analyze inputs in search of an optimal solution. We adopt the OPEC model to: (a) predict spot/futures-prices, (b) investigate why previous prediction was poor and price plummeted, and (c) compares value(s) from Ojugo and Yoro (2020) and Ojugo and Allenotor (2017). Results shows demand-supply curve rise (and a price rise) even though the policies and trend in real life scenario is currently experiencing a price plummet.
Intelligent Peer-To-Peer Banking Framework: Advancing The Frontiers of Agent Banking For Financial Inclusion In Nigeria Via Smartphones Ojugo, Arnold Adimabua; Otakore, Oghenevwede Debby
Quantitative Economics and Management Studies Vol. 1 No. 5 (2020)
Publisher : Yayasan Ahmar Cendekia Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (800.741 KB) | DOI: 10.35877/454RI.qems140

Abstract

The advent of the retail point of sale (POS) system as a critical component of the traditional retail infrastructure seeks to advance client payment-ease for goods and services rendered by vendors as well as the effective collection of funds by the vendor. It also aids the vendor to collect in advance monies that the client may wish to spend later on goods and services. Thus, the POS has since become a necessity in modern retail stores as its increased usage has seen a transformation from a single machine to a cloud and smart platforms. Our study seeks to model a conceptual framework for decentralized POS as adapted to smartphones. This will enhance cashless transaction irrespective of a customer’s location globally and locally. Built around the block-chain technology, it seeks to minimize challenge(s) of time, installation requirements incurred with the adoption of automatic teller machine (ATM), location and citing of agent-banking in a rural area with low tele- and tech-penetration.
Co-Authors Abdullahi, Mustapha Barau Abere, Reuben Akporube Achmad Nuruddin Safriandono Adigwe, Wilfred Afotanwo, Anderson Agboi, Joy Aghaunor, Tabitha Chukwudi Aghware, Fidelis Obukohwo Ajib Susanto Akazue, Maureen Ifeanyi Akhmad Dahlan Ako, Rita Erhovwo Anazia, Kizito Eluemunor Anujeonye, Nneamaka Christiana Ashioba, Nwanze Chukwudi Binitie, Amaka Patience Budi Widjajanto De Rosal Ignatius Moses Setiadi Dian Kristiawan Nugroho Eboka, Andrew Okonji Edim, Edim Bassey Edje, Abel E Efetobore Edje, Abel Egbokhare, Francesca Avwuru Ejeh, Patrick Ogholorunwalomi Ejeh, Patrick Ogholuwarami Emordi, Frances Uche Emordi, Frances Uchechukwu Ezzeh, Peace Oguguo Farah Zakiyah Rahmanti Gan, Hong-Seng Geteloma, Victor Ochuko Ibor, Ayei Egu Idama, Rebecca Okeoghene Ifeanyi Akazue, Maureen Ilodigwe, Solomon Ebuka Imanuel Harkespan Iwan Setiawan Wibisono Jumbo, Evans Fubara Jutono Gondohanindijo, Jutono Kartikadarma , Etika Max-Egba, Asuobite ThankGod Muhamada, Keny Muslikh, Ahmad Rofiqul Niemogha, Star Umiyemeromesu Nwankwo, Obinna Nwozor, Blessing Nwozor, Blessing Uche Obruche, Chris Obaro Octara Pribadi Odiakaoase, Christopher Chukwufunaya Odiakaose , Christopher Chukwufunaya Odiakaose, Chris Chukwufunaya Odiakaose, Christopher Chukufunaya Odiakaose, Christopher Chukwufumaya Odiakaose, Christopher Chukwufunaya Odiakaose, Chukwufunaya Chris Odoh, Anne Ojei, Emma Obiajulu Ojei, Emmanuel Obiajulu Okpako, Ejaita Abugor Okpor, Margaret Dumebi Okpor, Margareth Dumebi Oladele, James Kolapo Omede, Edith Ugochi Omoruwou, Felix Onochie, Chris Chukwudi Onochie, Christopher Chukwudi Onoma, Paul Avweresuo Onoma, Paul Avweresuoghene Onoma, Paul Avwerosuoghene Onyemenem, Innocent Sunny Onyemenem, Sunny Innocent Orobor, Anderson Ise Otakore, Oghenevwede Debby Oweimieotu, Amanda Enaodona Pratama, Nizar Rafi Robet Robet Setyoko, Bimo Haryo Stefanus Santosa Sudibyo, Usman Suyud Widiono Syahroni Wahyu Iriananda, Syahroni Wahyu Taylor, Onate Egerton Ugboh, Emeke Ugbotu, Eferhire Valentine Utomwen, Henry Warto - Yoro, Rume Elizabeth Zuama, Leygian Reyhan