Forecasting Prices for Industrial Commodity Markets.

An accurate price forecast is crucial when deciding on a new investment proposal for capital intensive commodities. In such industries as metals, plastics, and fertilizers, the sale price is the key profitability factor. New investments are too often based on specious forecasts which use historical price trends to predict the future. Another way to forecast prices which can provide more meaningful results is presented in the article. [ABSTRACT FROM AUTHOR]