Crude Oil Price Forecasting with Anfis
نویسنده
چکیده
Crude oil pricing is commonly expressed as a formula referenced to Brent or WTI crude oil. The final price of these two qualities and the spread between WTI and Brent can drive the decision when the purchase of a crude oil cargo is evaluated. A crude oil price-forecasting model is presented. It is based on past data, inventory level and volatility index and it is derived with a neuro fuzzy inference system. The fuzzy model allows the visualization and analysis of the set of rules that govern the prediction. Results are compared with the prediction based on an econometric model.
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