Forecasting Crude Oil Prices with a WT-FNN Model

In order to improve the accuracy of forecasting crude oil prices, a new price method is introduced in paper that combination FNN model and stochastic time effective function—namely, WT-FNN model. The keeps track historical values prices predicts future function gives greater weight recent information smaller old information, thus making prediction more reasonable. We selected daily data Brent from 4 January 2000 30 September 2021 as research objects then used train predict objects. By comparing it benchmark model, we found predictive effect was better than no-change results also passed robustness test.