You are asked to forecast the one day ahead price of SUN PHARMA, a pharmaceutical major, using external variables. You c

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You are asked to forecast the one day ahead price of SUN PHARMA, a pharmaceutical major, using external variables. You c

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You Are Asked To Forecast The One Day Ahead Price Of Sun Pharma A Pharmaceutical Major Using External Variables You C 1
You Are Asked To Forecast The One Day Ahead Price Of Sun Pharma A Pharmaceutical Major Using External Variables You C 1 (62.42 KiB) Viewed 13 times
You are asked to forecast the one day ahead price of SUN PHARMA, a pharmaceutical major, using external variables. You chose to use the lagged daily prices of other alternate assets to predict the price of SUN PHARMA. You need to identify 8 important variables which can be used to build the model. You should also highlight the purpose behind selection of a particular variable. For e.g. if I have to predict the stock price of Reliance Industries, I will take daily crude oil prices as one variable because Reliance belongs to Oil and Gas sector which can be impacted by crude oil prices globally. (12 Marks)
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