Forecast of oil price and consumption in the short term under three scenarios: Parabolic, linear and chaotic behaviour

F. Gori, D. Ludovisi and P.F. Cerritelli

Energy, 2007, vol. 32, issue 7, 1291-1296

Abstract: The paper examines the evolution of price and consumption of oil in the last decades to construct a relationship between them. Then the work considers three possible scenarios of oil price: parabolic, linear and chaotic behaviour, to predict the evolution of price and consumption of oil up to December 2003.

Keywords: Oil price; Forecast; Chaotic behaviour (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:32:y:2007:i:7:p:1291-1296

DOI: 10.1016/j.energy.2006.07.005

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