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    Production/Consumption Elastic Model Lasso Model Multiple Regression Model Ridge Model

World Energy


Oil Predicitons - Multiple Regression

These figures are reflecting the Multiple Linear Regression machine learning model for oil production and consumption. See below for statistical results.
Oil Production Oil Consumption
Historic MSE = 0.5502 Historic MSE = 0.2895
Historic R-Square = 0.4497 Historic R-Square = 0.7105
Future MSE = 0.8384 Future MSE = 0.8365
Future R-Square = 0.1615 Future R-Square = 0.1635