Machine learning based model for crude-oil forecasting

by ANKIT PRAKASH

During the last few years, the petrol price has increased so that it has touched three digit in many cities. Even in abroad, the fuel prices are going down after the pandemic but this is not happening in India. The government are also targeting this as their best revenue source. It indicates that the fuel costs are more inflation and common people have to suffer. These increased prices has robbed Indian citizens living happy life and good life. This paper takes us through the analysis of Delhi’s petrol price and forecasting. Various models of time series, machine learning, deep learning and ensemble learning are applied to detect the best model which fits into forecasting the results. At the end, models performance is analysed with the help if performance metrics such as MSE, RMSE, MAPE and NRMSE.

19 pages, Kindle Edition

Published March 17, 2024