World Energy

Oil Predictions - Ridge Model

These figures are reflecting the Ridge machine learning model for oil production and consumption. See below for statistical results.
Oil Production Oil Consumption
Historic MSE = 0.4697 Historic MSE = 0.2394
Historic R-Square = 0.5303 Historic R-Square = 0.7606
Future MSE = 0.8338 Future MSE = 0.8313
Future R-Square = 0.1661 Future R-Square = 0.1687