| Issue |
SHS Web Conf.
Volume 73, 2020
Innovative Economic Symposium 2019 – Potential of Eurasian Economic Union (IES2019)
|
|
|---|---|---|
| Article Number | 01008 | |
| Number of page(s) | 12 | |
| Section | Potential of the Eurasian Economic Union | |
| DOI | https://doi.org/10.1051/shsconf/20207301008 | |
| Published online | 13 January 2020 | |
Using RBF neural networks to identify relationship between development of oil prices in world market and value of Chinese currency
Institute of Technology and Business School of Expertness and Valuation Okružní 517/10, 37001, České Budějovice, Czech Republic
* Corresponding author: horak@mail.vstecb.cz
The objective of the contribution is to identify a possible relationship between the development of the price of Brent oil (Brent in USD/barrel) and the CNY / USD Exchange rate by means of artificial neural networks. Understanding future fluctuation characteristics and the trend in oil prices is the basis for a deep understanding of systemic mechanisms and trends in related research areas. However, given the complexities of oil prices, it is very difficult to obtain accurate forecasts. Within the experiment, a total of 50,000 artificial RBF neural networks were generated. Was found the CNY / USD price will play a significant role in creating China's real product. Given that it was already proven that the CNY / USD exchange depends on Brent in USD / barrel, it is important to focus the further research on finding out the time lag with which the price of Brent in USD / barrel is actually reflected in the price of CNY / USD.
© The Authors, published by EDP Sciences, 2020
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