Day-Ahead Crude Oil Price Forecasting Using a Novel Morphological Component Analysis Based Model

<table class="table-group" id="tab2"><tr><td><table class="table"><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr class="thead"><td align="left">Models</td><td align="center"><span style="width: 61.5px;"><svg height="15.65" id="M84" style="vertical-align:-3.52611pt" version="1.1" viewbox="0 0 61.5 15.65" width="61.5" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink">
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</svg></span></td></tr><tr><td class="thead-hr" colspan="4"><hr/></td></tr><tr><td align="left">RW<sub>WTI</sub></td><td align="center"> 8.8140 </td><td align="center">N/A</td><td align="center">0.6641</td></tr><tr><td align="left">ARMA<sub>WTI</sub></td><td align="center"> 8.8739 </td><td align="center">0.6641</td><td align="center">N/A</td></tr><tr><td align="left">SVR<sub>WTI</sub></td><td align="center"> 13.4749 </td><td align="center">0.5076</td><td align="center">0.4304</td></tr><tr><td align="left">MCA-RW-SVR<sub>WTI</sub></td><td align="center"> 8.7337 </td><td align="center">0.0077</td><td align="center">0.0274</td></tr><tr><td align="center" colspan="4"><hr/></td></tr><tr><td align="left">RW<sub>Brent</sub></td><td align="center"> 7.2035 </td><td align="center">N/A</td><td align="center">0.4485</td></tr><tr><td align="left">ARMA<sub>Brent</sub></td><td align="center"> 7.2153 </td><td align="center">0.4485</td><td align="center">N/A</td></tr><tr><td align="left">SVR<sub>Brent</sub></td><td align="center"> 12.0060 </td><td align="center">0.5838</td><td align="center">0.6407</td></tr><tr><td align="left">MCA-ARMA-SVR<sub>Brent</sub></td><td align="center"> 7.1106 </td><td align="center">0.0702</td><td align="center">0.0568</td></tr><tr class="table-tr"><td colspan="4"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

Performance comparison of different models.

The Scientific World Journal

tab2

Table 2

Table 2: Day-Ahead Crude Oil Price Forecasting Using a Novel Morphological Component Analysis Based Model 