A decision trees approach to oil price prediction

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

10 Citations (Scopus)

Abstract

In this work, an artificial intelligent approach to predicting crude oil price is presented. Decision Trees (DT) are utilized in the modeling and prediction of crude oil from a dataset covering 24 years. The input attributes to the decision tree are key economic indicators that are believed to affect crude oil price and the system has as it's output the numerical value of the predicted crude oil price. Different DT algorithms like Decision stump, Random forest, Random tree amongst others are investigated and a performance analysis is performed between the investigated algorithms. Obtained results show that DT's can be deployed with a high degree of accuracy in the prediction of crude oil price.

Original languageEnglish
Title of host publicationIDAP 2017 - International Artificial Intelligence and Data Processing Symposium
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781538618806
DOIs
Publication statusPublished - 30 Oct 2017
Event2017 International Artificial Intelligence and Data Processing Symposium, IDAP 2017 - Malatya, Turkey
Duration: 16 Sept 201717 Sept 2017

Publication series

NameIDAP 2017 - International Artificial Intelligence and Data Processing Symposium

Conference

Conference2017 International Artificial Intelligence and Data Processing Symposium, IDAP 2017
Country/TerritoryTurkey
CityMalatya
Period16/09/1717/09/17

Keywords

  • Decision trees
  • Oil price
  • Spot price
  • West Texas intermediate

ASJC Scopus subject areas

  • Artificial Intelligence
  • Computer Networks and Communications
  • Computer Science Applications
  • Computer Vision and Pattern Recognition
  • Information Systems
  • Signal Processing

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