A New Method for Crude Oil Price Forecasting Based on Support Vector Machines.pptVIP

A New Method for Crude Oil Price Forecasting Based on Support Vector Machines Wen Xie MADIS Jul, 2006 Agenda Oil price forecasting insight Literature review Most of the literatures focus on price volatility analysis (Watkins, 1994) and price determination within the supply and demand framework (Hagen, 1994; Stevens, 1995). There is very limited research on oil price forecasting, including quantitative and qualitative methods. Quantitative: Econometric model (Huntington, 1994); Probabilistic model (Abramson and Finizza, 1995); Semi-parametric approach (Barone-Adesi et al.,19