Oil Forecasting Model Discussion

Explain what an oil forecasting model is, how it is created, types of oil forecasting models, and other information regarding oil forecasting. Create two (2) oil forecasting model for the next 5-10 years, explaining how you created the model. Talk about the accuracy and precision of the model, how it can be improved. In addition, find other forecasting models with high accuracy and high precision and explain their model. Talk about why their model is better and what they did to improve their model. Talk about the economic implication of oil forecasting models, how they can be used for risk management, and anything else you think is interesting. This should be a minimum of 10 pages with no maximum (as in you can write as much as you want).

 

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