Accession Number : ADA463764


Title :   Predicting Argentine Jet Fuel Prices


Descriptive Note : Master's thesis


Corporate Author : AIR FORCE INST OF TECH WRIGHT-PATTERSON AFB OH SCHOOL OF ENGINEERING AND MANAGEMENT


Personal Author(s) : Salaverry, Juan A


Full Text : https://apps.dtic.mil/dtic/tr/fulltext/u2/a463764.pdf


Report Date : Mar 2007


Pagination or Media Count : 84


Abstract : Oil distillates are considered important elements to accomplish the missions of the Argentine Air Force (AAF). Of all oil products consumed by the AAF, jet fuel is the resource with highest demand and at the end of the day the most expensive support item procured by the Argentine Air Force. Accurate predictions of Argentine jet fuel prices are necessary to improve AAF financial and logistics planning. This thesis presents a systematic, statistical regression approach to forecast Argentine jet fuel prices. The application of this methodology has allowed us to obtain a very useful model that utilizes information available on the internet to produce forecasting of jet fuel prices with average percentage absolute errors lower than 3%


Descriptors :   *MILITARY FORCES(FOREIGN) , *JET ENGINE FUELS , *AIR FORCE PROCUREMENT , *ARGENTINA , PREDICTIONS , OIL PRODUCTS , THESES , LOGISTICS PLANNING , REGRESSION ANALYSIS , STATISTICAL PROCESSES


Subject Categories : Logistics, Military Facilities and Supplies
      Fuels


Distribution Statement : APPROVED FOR PUBLIC RELEASE