Lasso Model (Oil)

World Energy

Oil Predictions - Lasso Model

These figures are reflecting the Lasso machine learning model for oil production and consumption. See below for statistical results.

Oil Production	Oil Consumption
Historic MSE = 0.0871	Historic MSE = 0.0610
Historic R-Square = 0.9128	Historic R-Square = 0.9389
Future MSE = 0.8115	Future MSE = 0.8056
Future R-Square = 0.1885	Future R-Square = 0.1943

Oil Lasso Model