A static and a dynamic model of the oil market are compared. Three major differences appear in forecasts. The dynamic model fluctuates around the static mode equilibrium price. The dynamic model shows greater uncertainty in trend development. The dynamic model forecast overshoots the cost level of synthetic oil.

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Date created

• 1984

Type

• Document

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• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

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• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

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6e5cbea1fd05527880f389afd8fb85d1

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Part of

23d738ba88f8333bc39725f9cb5bd0b8

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Part of

dcf80aca09fd0af264c0472357441115

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Collection

System Dynamic Society Records

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Collecting area

• This collection is part of the University Archives