Record Details

Fuzzy Time Series Theory Application for the China Containerized Freight Index

Applied Economics and Finance

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Field Value
 
Title Fuzzy Time Series Theory Application for the China Containerized Freight Index
 
Creator Chou, Ming-Tao
 
Description China has evolved into one of the world’s largest trading nations. China has adequate supply for imports and exports, and therefore, major shipping companies from various countries around the world all joined this market to perform freight transport. Currently, the main method of transporting goods is via shipping. China’s containerized freight index (CCFI) is mainly used as a reference to evaluate the current freight tariffs standard. This study uses fuzzy time series to predict the CCFI. The results of our analysis found the following: 1. CCFI yield series has a volatility-clustering characteristic (the mean of the current yield is negative); 2. the R.M.S.P.E. (root mean square percentage error) value is 0.078%, indicating that the goodness-of-fit of the model is quite good; 3. future CCFI will be maintained at a low point of around 893.557, which is an optimistic long-term indication for freight; 4. currently, the supply of ships outweighs the demand, causing a long-term low CCFI. These four conclusions are hoped to serve as references for relevant policymakers in the future.
 
Publisher Redfame Publishing
 
Contributor —
 
Date 2016-04-22
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://redfame.com/journal/index.php/aef/article/view/1568
10.11114/aef.v3i3.1568
 
Source Applied Economics and Finance; Vol 3, No 3 (2016); 127-135
2332-7308
2332-7294
 
Language eng
 
Relation http://redfame.com/journal/index.php/aef/article/view/1568/1586