Qin, Xiaoyan; Bessler, David A.; Leatham, David J.; Wu, … - 2010
Investigation into the relations between market fundamentals and US natural gas prices is carried out in the regime …-switching framework. To test the hypothesis that US natural gas market may switch between two states of market: bullish market and bearish … provided. Empirical results suggest that real world natural gas price behavior is far more complicated than that predicted by …