• Dr. P.Sameera Banu
• Ms.I.Angel Agnes Mary

Forecasting, being useful in risk management, requires a suitable model, chosen from several available techniques. The study is hence directed at finding a suitable forecasting model. A suitable model is one which is applicable to the product and data available. Selection of a suitable model requires determining efficiency of different models in predicting future outcomes and selecting the model which best suits the job of prediction. The objectives of the study are as follows: • To develop a suitable forecasting ARIMA models for Copper Prices • To study the forecasting ability of univariate ARIMA models • To suggest an optimal model ,Best forecast models selected. Interactive chart of historical daily COMEX copper prices back to 1971. The price shown is in U.S. Dollars per pound. The current price of copper as of April 16, 2021 is $4.17 per pound.

copper (CU) , ACF, PACF, ARIMA, Forecast

"Prediction and Forecasting of Copper Prices using ARIMA models", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 4, page no.286-290, April-2021, Available :http://www.jetir.org/papers/JETIR2104237.pdf

"Prediction and Forecasting of Copper Prices using ARIMA models", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 4, page no. pp286-290, April-2021, Available at : http://www.jetir.org/papers/JETIR2104237.pdf