Research Article
Daily Crude Oil Price Forecasting Using Hybridizing Wavelet and Artificial Neural Network Model
Table 2
Coefficient of determination (
) between each of subtime series for Brent and WTI data.
| Data | DWT | Coefficient of determination () with original crude oil prices series | Mean | | | | | | | |
| Brent | D1 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | D2 | 0.0000 | 0.0000 | 0.0001 | 0.0002 | 0.0000 | 0.0000 | 0.0001 | D3 | 0.0006 | 0.0006 | 0.0002 | 0.0000 | 0.0002 | 0.0002 | 0.0003 | A3 | 0.9895 | 0.9917 | 0.9937 | 0.9954 | 0.9967 | 0.9967 | 0.9940 |
| WTI | D1 | 0.0000 | 0.0052 | 0.0021 | 0.0053 | 0.0000 | 0.1619 | 0.0291 | D2 | 0.0027 | 0.0149 | 0.0001 | 0.0866 | 0.1092 | 0.0274 | 0.0402 | D3 | 0.0353 | 0.0622 | 0.0472 | 0.0060 | 0.0107 | 0.0750 | 0.0394 | A3 | 0.0040 | 0.0143 | 0.0311 | 0.0511 | 0.0721 | 0.0886 | 0.0435 |
|
|