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A STUDY WITH SPECIAL REFERENCE ON SELECT COMMODITIES DURING PRE AND POST PANDEMIC ESTIMATION OF COMMODITY TREND THROUGH HORDRIC PRESCOTT FILTER


Dr.P.Chellasamy, Deepakarunya.C
Research scholar, Bharathiar University
Abstract
This study estimates the select commodities in Pre and Post COVID-19. The main objective of the study estimate the relationship between select commodities on macroeconomic variables during pre and post pandemic, for the study historical price of select commodities under the sector such as bullion, energy and metals, from the study period were segregated on the basis of lock down from 11 months prior to COVID-19 and 11 months after to COVID-19 (May 2019 to March 2020 and April 2020 to January 2021). Augmented Dickey Fuller Unit Root Test is used for checking the stationarity of the price series, Correlation Analysis is used to find the relationship between commodities under the sector such as bullion, energy and metals on macroeconomic variables during pre and post pandemic and Hordrick Prescott filter is employed for estimating the Trend of Gold, Silver, Copper, Zinc, Lead, Nickel, Aluminium, Crude oil and Natural gas in pre and post COVID-19. The study finally conclude that the closing price of such commodities during pre and post pandemic.
Keywords: Closing price, Trend, Augmented Dickey Fuller Unit Root Test, Hordrick Prescott Filter.
Journal Name :
EPRA International Journal of Multidisciplinary Research (IJMR)

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Published on : 2021-09-30

Vol : 7
Issue : 9
Month : September
Year : 2021
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