A Review of Crude Oil Prices Forecasting using Hybrid Method
Crude oil is considered as a crucial energy source in modern days. Consequently, the fluctuation of crude oil prices can cause a significant impact on economic activities. Researchers have proposed many hybrid forecasting models on top of single forecasting methods which are utilized to predict crud...
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| Main Authors: | , |
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| Format: | EJournal Article |
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Institute of Advanced Engineering and Science,
2018-09-01.
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| Online Access: | Get fulltext |
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| LEADER | 02288 am a22003013u 4500 | ||
|---|---|---|---|
| 001 | ijeecs13468_9221 | ||
| 042 | |a dc | ||
| 100 | 1 | 0 | |a Md-Khair, Nurull Qurraisya Nadiyya |e author |
| 100 | 1 | 0 | |e contributor |
| 700 | 1 | 0 | |a Samsudin, Ruhaidah |e author |
| 245 | 0 | 0 | |a A Review of Crude Oil Prices Forecasting using Hybrid Method |
| 260 | |b Institute of Advanced Engineering and Science, |c 2018-09-01. | ||
| 500 | |a https://ijeecs.iaescore.com/index.php/IJEECS/article/view/13468 | ||
| 520 | |a Crude oil is considered as a crucial energy source in modern days. Consequently, the fluctuation of crude oil prices can cause a significant impact on economic activities. Researchers have proposed many hybrid forecasting models on top of single forecasting methods which are utilized to predict crude oil prices movement more accurately. Nevertheless, many limitations still existed in hybrid forecasting models and models that can predict crude oil prices as accurate as possible is required. The motivations of this review paper are to identify and assess the mostly used crude oil prices forecasting methods and to analyse their current limitations. 12 studies that used "decomposition-and-ensemble" framework was selected for review. Wavelet transform is identified as the mostly used data decomposition method while some limitations have been recognized. Future researches should include more studies to further elucidate the limitations in existing forecasting method so that subsequent forecasting methods can be improved. | ||
| 540 | |a Copyright (c) 2018 Institute of Advanced Engineering and Science | ||
| 540 | |a http://creativecommons.org/licenses/by-nc/4.0 | ||
| 546 | |a eng | ||
| 690 | |||
| 690 | |a Hybrid forecasting method; Crude oil prices; Decomposition-and-ensemble | ||
| 655 | 7 | |a info:eu-repo/semantics/article |2 local | |
| 655 | 7 | |a info:eu-repo/semantics/publishedVersion |2 local | |
| 655 | 7 | |2 local | |
| 786 | 0 | |n Indonesian Journal of Electrical Engineering and Computer Science; Vol 11, No 3: September 2018; 1114-1120 | |
| 786 | 0 | |n 2502-4760 | |
| 786 | 0 | |n 2502-4752 | |
| 786 | 0 | |n 10.11591/ijeecs.v11.i3 | |
| 787 | 0 | |n https://ijeecs.iaescore.com/index.php/IJEECS/article/view/13468/9221 | |
| 856 | 4 | 1 | |u https://ijeecs.iaescore.com/index.php/IJEECS/article/view/13468/9221 |z Get fulltext |