2024
DOI: 10.3390/en17051001
|View full text |Cite
|
Sign up to set email alerts
|

Investigating the Impact of Agricultural, Financial, Economic, and Political Factors on Oil Forward Prices and Volatility: A SHAP Analysis

Hyeon-Seok Kim,
Hui-Sang Kim,
Sun-Yong Choi

Abstract: Accurately forecasting crude oil prices is crucial due to its vital role in the industrial economy. In this study, we explored the multifaceted impact of various financial, economic, and political factors on the forecasting of crude oil forward prices and volatility. We used various machine learning models to forecast oil forward prices and volatility based on their superior predictive power. Furthermore, we employed the SHAP framework to analyze individual features to identify their contributions in terms of … Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

0
0
0

Year Published

2024
2024
2024
2024

Publication Types

Select...
1

Relationship

0
1

Authors

Journals

citations
Cited by 1 publication
references
References 117 publications
0
0
0
Order By: Relevance