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Oil Price Forecasting; A Comparison between ARIMA and ANN Models

Iman Farjamnia; Mohsen Naseri; Sayed Mohamad Mehdi Ahmadi

Volume 9, Issue 32 , October 2007, , Pages 161-183

Abstract
  Ability of Artificial Neural Networks (ANNs) as a powerful tool in simulation and prediction in science and engineering has made it attractive to economists. In this article, after a brief review of literature, a comparison of forecasting performance of ANN versus ARIMA is made. The data used are daily ...  Read More