This paper sheds light on the questions whether it is possible to generate an accurate forecast of the real price of oil and how it can be improved using forecast combinations. For this reason, my work will investigate the out-of-sample performance of thirteen individual forecasting models. The...

Predicting crude oil prices is an important yet challenging forecasting problem due to various influencing quantitative and qualitative factors. To address the growing number of potential prediction models and model parameters that researchers and practitioners need to consider during model...