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):

Report Date:

2007-03-01

Pagination or Media Count:

84.0

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

Subject Categories:

  • Logistics, Military Facilities and Supplies
  • Fuels

Distribution Statement:

APPROVED FOR PUBLIC RELEASE