Forecasting chlorine production requires analyzing a combination of global economic factors such as Energy price, industrial production, and unemployment rate.
Given that global economic factors and the demand surrounding chlorine derivatives could potentially shift through time, it's crucial to identify and test indicators periodically.
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At first glance, it might not seem directly related to the production of chlorine. However, understanding the broader context and the potential indirect links can shed light on its potential significance.
This variable directly measures the amount of chlorine produced over a specified period. When forecasting the production of chlorine, this is one of the most straightforward and critical indicators to consider for several reasons, as it tends to reflect the demand for chlorine and its derivatives.
This variable refers to the price of Brent crude oil in the spot market, typically quoted on a per-barrel basis. Brent crude is one of the major trading classifications of sweet light crude oil and serves as a major benchmark price for worldwide oil purchases.
They had an inability to allocate resources
efficiently due to little clarity over market shifts
With Indicio, they could now determine the key leading drivers that would impact their chemical production, and successfully improved their
forecast accuracy.
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