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Petrochemical Price Forecasting Techniques
Welcome to the “Petrochemical Price Forecasting Techniques” course, a specialized program designed to equip professionals in the petrochemical industry with the knowledge and skills necessary to navigate the complexities of price forecasting
- Course Schedule
Classroom Sessions:
| Date | Venue | Price |
|---|
08 - 12 Apr 2025
Dubai - UAE
5,950
- Course Description
INTRODUCTION
Welcome to the “Petrochemical Price Forecasting Techniques” course, a specialized program designed to equip professionals in the petrochemical industry with the knowledge and skills necessary to navigate the complexities of price forecasting. This course delves into various techniques and methodologies used to analyze market trends, external factors, and data-driven insights for effective price forecasting in the dynamic petrochemical market.
WHY IT MATTERS
In the petrochemical industry, accurate price forecasting is crucial for strategic decision-making, risk management, and maintaining competitiveness. Fluctuations in raw material costs, market demand, and geopolitical factors can significantly impact prices. This course is tailored to professionals involved in procurement, trading, risk management, and strategic planning, providing them with the tools to make informed decisions in a volatile market.
OBJECTIVES
- Understand the factors influencing petrochemical prices.
- Learn various quantitative and qualitative techniques for price forecasting.
- Explore the impact of global economic trends and geopolitical factors on prices.
- Develop skills in data analysis and interpretation for accurate forecasting.
- Implement risk management strategies based on price forecasting insights.
WHO SHOULD ATTEND ?
- Procurement and sourcing professionals in the petrochemical industry
- Traders and analysts involved in petrochemical markets
- Risk management professionals
- Strategic planners and decision-makers in petrochemical companies
- Financial analysts and economists focused on the energy sector
- Anyone interested in enhancing their understanding of petrochemical price dynamics and forecasting.
- Course Outline
DAY 1
Introduction to Petrochemical Price Dynamics
- Overview of the petrochemical industry
- Factors influencing price volatility
- Historical trends and market dynamics
DAY 2
Quantitative Price Forecasting Techniques
- Time-series analysis and forecasting models
- Regression analysis for price prediction
- Machine learning applications in price forecasting
DAY 3
Qualitative Factors in Price Forecasting
- Geopolitical factors and their impact on prices
- Macroeconomic trends affecting petrochemical markets
- Industry-specific events and their influence
DAY 4
Data Analysis and Interpretation
- Data sources for petrochemical price analysis
- Statistical tools for data interpretation
- Real-time market data and its significance
DAY 5
Risk Management Strategies Based on Forecasting
- Developing risk scenarios and stress testing
- Hedging strategies for price risk mitigation
- Case studies of successful risk management in the petrochemical industry
- Options & Brochure