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Article
Publication date: 22 September 2023

Xiying Yao and Xuetao Yang

Since crude oil is crucial to the nation's economic growth, crude oil futures are closely related to many other markets. Accurate forecasting can offer investors trustworthy…

Abstract

Purpose

Since crude oil is crucial to the nation's economic growth, crude oil futures are closely related to many other markets. Accurate forecasting can offer investors trustworthy guidance. Numerous studies have begun to consider creating new metrics from social networks to improve forecasting models in light of their rapid development. To improve the forecasting of crude oil futures, the authors suggest an integrated model that combines investor sentiment and attention.

Design/methodology/approach

This study first creates investor attention variables using Baidu search indices and investor sentiment variables for medium sulfur crude oil (SC) futures by collecting comments from financial forums. The authors feed the price series into the NeuralProphet model to generate a new feature set using the output subsequences and predicted values. Next, the authors use the CatBoost model to extract additional features from the new feature set and perform multi-step predictions. Finally, the authors explain the model using Shapley additive explanations (SHAP) values and examine the direction and magnitude of each variable's influence.

Findings

The authors conduct forecasting experiments for SC futures one, two and three days in advance to evaluate the effectiveness of the proposed model. The empirical results show that the model is a reliable and effective tool for predicting, and including investor sentiment and attention variables in the model enhances its predictive power.

Research limitations/implications

The data analyzed in this paper span from 2018 through 2022, and the forecast objectives only apply to futures prices for those years. If the authors alter the sample data, the experimental process must be repeated, and the outcomes will differ. Additionally, because crude oil has financial characteristics, its price is influenced by various external circumstances, including global epidemics and adjustments in political and economic policies. Future studies could consider these factors in models to forecast crude oil futures price volatility.

Practical implications

In conclusion, the proposed integrated model provides effective multistep forecasts for SC futures, and the findings will offer crucial practical guidance for policymakers and investors. This study also considers other relevant markets, such as stocks and exchange rates, to increase the forecast precision of the model. Furthermore, the model proposed in this paper, which combines investor factors, confirms the predictive ability of investor sentiment. Regulators can utilize these findings to improve their ability to predict market risks based on changes in investor sentiment. Future research can improve predictive effectiveness by considering the inclusion of macro events and further model optimization. Additionally, this model can be adapted to forecast other financial markets, such as stock markets and other futures products.

Originality/value

The authors propose a novel integrated model that considers investor factors to enhance the accuracy of crude oil futures forecasting. This method can also be applied to other financial markets to improve their forecasting efficiency.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 27 September 2023

Yuanhao Yang, Guangyu Chen, Zhuo Luo, Liuqing Huang, Chentong Zhang, Xuetao Luo, Haixiang Luo and Weiwei Yu

The purpose of this study is to prepare thermal transfer ribbons with good alcohol resistance.

Abstract

Purpose

The purpose of this study is to prepare thermal transfer ribbons with good alcohol resistance.

Design/methodology/approach

A variety of alcohol-resistant thermal transfer inks were prepared using different polyester resins. The printing temperature, printing effect, adhesion and alcohol resistance of the inks on the label were studied to determine the feasibility of using the ink for manufacturing thermal transfer ribbons. The ink formulations were prepared by a simple and stable grinding technology, and then use mature coating technology to make the ink into a thermal transfer ribbon.

Findings

The results show that the thermal transfer ink has good scratch resistance, good alcohol resistance and low printing temperature when the three resins coexist. Notably, the performance of the ribbon produced by 500 mesh anilox roller was better than that of other meshes. Specifically, the ink on the matte silver polyethylene terephthalate (PET) label surface was wiped with a cotton cloth soaked in isopropyl alcohol under 500 g of pressure. After 50 wiping cycles, the ink remained intact.

Originality/value

The proposed method not only ensures good alcohol resistance but also has lower printing temperature and wider label applicability. Therefore, it can effectively reduce the loss of printhead and reduce production costs, because of the low printing temperature.

Details

Pigment & Resin Technology, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0369-9420

Keywords

Article
Publication date: 23 June 2021

Nidya Astrini, I Gede Mahatma Yuda Bakti, Tri Rakhmawati, Sik Sumaedi and Medi Yarmen

This research seeks to develop a model to predict repurchase intention based on the modified theory of planned behavior (TPB).

Abstract

Purpose

This research seeks to develop a model to predict repurchase intention based on the modified theory of planned behavior (TPB).

Design/methodology/approach

This research is quantitative study involving 150 respondents from five major cities in Indonesia. Data were collected using a questionnaire. Data analysis used confirmatory factor analysis–structural equation modeling (CFA–SEM).

Findings

The research instrument and the proposed model were fit. However, health belief was not proven to have a significant impact on attitude. The perceived behavioral control (PBC) also did not significantly affect repurchase intention.

Research limitations/implications

Future research that utilizes TPB should incorporate emotional belief as part of the attitude variable.

Practical implications

In the designing and marketing process, managers of herbal teas companies should consider the health benefits of their products and the feeling of joy it might incite.

Originality/value

The TPB was initially constructed from three variables: subjective norm, attitude and perceived behavioral control (PBC). Unlike previous research, this study considered cognitive and emotional beliefs as the factors that affected attitude.

Details

British Food Journal, vol. 124 no. 1
Type: Research Article
ISSN: 0007-070X

Keywords

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