Category: commodity
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Gold ETF Price Prediction using the Bayesian Ridge Linear Regression
Featured Photo by Pixabay. Let’s set the working directory GOLD import osos.chdir(‘GOLD’) os. getcwd() and import the following libraries from sklearn.linear_model import LinearRegression import pandas as pdimport numpy as np import matplotlib.pyplot as plt%matplotlib inlineplt.style.use(‘seaborn-darkgrid’) import yfinance as yf Let’s read the dataDf = yf.download(‘GLD’, ‘2022-01-01’, ‘2023-03-25’, auto_adjust=True) Df = Df[[‘Close’]] Df = Df.dropna() Let’s…
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SARIMAX X-Validation of EIA Crude Oil Prices Forecast in 2023 – 2. Brent
Based on our previous study, our today’s focus is on SARIMAX time-series X-validation of the Brent crude oil spot price USD/b: viz. the goal is to verify the following EIA energy forecast in 2023 According to EIA, the Brent spot price will average $83.63/b in 2023. Table of Contents Prerequisites In this study we will be…
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SARIMAX X-Validation of EIA Crude Oil Prices Forecast in 2023 – 1. WTI
Featured Photo by Pixabay Table of Contents: Let’s perform SARIMAX X-validation of EIA WTI and Brent oil prices forecast in the 2nd half of 2023. Recall that SARIMAX (Seasonal Autoregressive Integrated Moving Average with eXogenous factors) is an updated version of the ARIMA model for time series forecasting. SARIMAX is a seasonal equivalent to SARIMA…
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Stock Market ’22 Round Up & ’23 Outlook: Zacks Strategy vs Seeking Alpha Tactics
Featured Photo by Pixabay Contents: Zacks Market Research 2022 has been a strong year for jobs: Commodity markets: Energy: Global Investments: In the Zacks October 2022 Chief Investment Officer (CIO) survey, the CIOs made it fairly clear how they felt about investing outside the US. Answer: not great. Corporate High Yield and Investment Grade Bonds:In…
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The Zacks Market Outlook Nov ’22 – Energy
Featured Image by Canva. Let’s review the current Energy Market Outlook to power your investment portfolio with Zack Research. Indeed, Energy is at the heart of development. Energy makes possible the investments, innovations, and new industries that are the engines of jobs, inclusive growth, and shared prosperity for entire economies. What Rapidly Shifting Energy Markets…
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Gulf’s Oil Price Web Scraping in R
Gulf’s Oil Price Web Scraping in R. Gulf states to gain $1.3 trillion in additional oil revenue by 2026: IMF. We discuss the basics of sourcing oil market price data for free online. discuss the basics of sourcing oil market price data for free online. Webscraping in R is a technique to retrieve large amounts…