Tag: Brent

  • SARIMAX Crude Oil Prices Forecast – 2. Brent

    SARIMAX Crude Oil Prices Forecast – 2. Brent

    This study focuses on validating the EIA energy forecast for the 2023 Brent crude oil spot price using SARIMAX time-series cross-validation. It includes prerequisites, data loading, ETS decomposition, ADF test, SARIMAX modeling, predictions, model evaluation, and summary. The predictions align with the EIA forecast, with discrepancies within predicted confidence intervals.