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EST-Team-Adam / CommodityPriceModelling

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Include cost of freight in the explanatory dataset #10

Open mkao006 opened 8 years ago

mkao006 commented 8 years ago

The cost of freight just like the exchange rate adds to the overall effective price.

mkao006 commented 8 years ago

The App from SeaRate.com seems to be able to provide real-time freight quotes.

However, we will need to have historical quotes as well.

mkao006 commented 8 years ago

The World Container Index seems to be able to provide historical quotes for every individual route.

mkao006 commented 8 years ago

Another potential proxy variable is the containerised freight index such as the China Containerised Freight Index