Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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Prediction and Analysis of the Impact of Covid-19 on Luxury Goods Stock Prices

Authors
Zhiyu Fan1, *
1The School of Information and Safety Engineering, Zhongnan University of Economics and Law, Wuhan, 430073, China
*Corresponding author. Email: fanzhiyu@stu.zuel.edu.cn
Corresponding Author
Zhiyu Fan
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_82How to use a DOI?
Keywords
Stock market; Luxury goods; COVID-19
Abstract

COVID-19 has had a huge negative impact on the entire stock market, especially in the early period of the epidemic. At the start of the pandemic, global stock markets fell sharply. Luxury goods, as products with high price elasticity of demand, are more affected by the epidemic. According to research literature, sales of luxury goods have been greatly affected by the pandemic. As sales are an important factor that directly affects the price of luxury stocks, the price of luxury stocks has also declined significantly. This paper selects several luxury goods and establishes a linear regression model to predict the stock price in 2020 based on 2017–2009. By comparing the actual stock prices in 2020, the differences between the stock prices of luxury goods at the beginning of the epidemic and the predicted stock prices were further analyzed. By comparing the stock price forecast – an actual difference of several luxury goods and analyzing the correlation, this paper is concluded that COVID-19 has a large negative impact on the luxury goods stock market in the early period.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
978-94-6463-036-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_82How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zhiyu Fan
PY  - 2022
DA  - 2022/12/31
TI  - Prediction and Analysis of the Impact of Covid-19 on Luxury Goods Stock Prices
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 551
EP  - 557
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_82
DO  - 10.2991/978-94-6463-036-7_82
ID  - Fan2022
ER  -