A Crude Oil Spot Price Forecasting Method Incorporating Quadratic Decomposition and Residual Forecasting

<table class="table-group" id="tab2"><tr><td><table class="table"><tr><td class="thead-hr" colspan="7"><hr/></td></tr><tr class="thead"><td class="align_left">Research data</td><td class="align_center">Time span</td><td class="align_center">Size</td><td class="align_center">Mean</td><td class="align_center">Max</td><td class="align_center">Min</td><td class="align_center">Std</td></tr><tr><td class="thead-hr" colspan="7"><hr/></td></tr><tr><td class="align_left">Brent</td><td class="align_center" rowspan="2">January, 1997 to December, 2022</td><td class="align_center">312</td><td class="align_center">60.0658</td><td class="align_center">133.59</td><td class="align_center">10.16</td><td class="align_center">31.80172</td></tr><tr><td class="align_left">WTI</td><td class="align_center">312</td><td class="align_center">57.37962</td><td class="align_center">133.93</td><td class="align_center">11.28</td><td class="align_center">28.36693</td></tr><tr class="table-tr"><td colspan="7"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>The main numerical characteristics of research data.</div>

Journal of Mathematics

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Table 2

Table 2: A Crude Oil Spot Price Forecasting Method Incorporating Quadratic Decomposition and Residual Forecasting 