{"about":{"site":"https://codewithpapers.app","non_affiliation":"Code with Papers and Syntology are not affiliated with, endorsed by, or sponsored by Papers with Code, Meta, or the pwc-archive mirror.","licence":"CC BY-SA 4.0","licence_url":"https://creativecommons.org/licenses/by-sa/4.0/legalcode","attribution":"https://codewithpapers.app/attribution","modified":"archive material modified by Syntology; see the attribution page"},"url":"/paper/forecasting-crude-oil-prices-using-reservoir","title":"Forecasting Crude Oil Prices Using Reservoir Computing Models","arxiv_id":"2306.03052","date":"2023-06-05","proceeding":null,"authors":["Kaushal Kumar"],"abstract":"Accurate crude oil price prediction is crucial for financial decision-making. We propose a novel reservoir computing model for forecasting crude oil prices. It outperforms popular deep learning methods in most scenarios, as demonstrated through rigorous evaluation using daily closing price data from major stock market indices. Our model's competitive advantage is further validated by comparing it with recent deep-learning approaches. This study introduces innovative reservoir computing models for predicting crude oil prices, with practical implications for financial practitioners. By leveraging advanced techniques, market participants can enhance decision-making and gain valuable insights into crude oil market dynamics.","url_abs":"https://arxiv.org/abs/2306.03052v1","url_pdf":"https://arxiv.org/pdf/2306.03052v1.pdf","source":{"archive":"pwc-archive (Hugging Face), CC BY-SA 4.0","snapshot":"2025-07-28","licence_url":"https://creativecommons.org/licenses/by-sa/4.0/legalcode","row_kind":"abstracts"},"code_links":[{"paper_slug":"forecasting-crude-oil-prices-using-reservoir","repo_url":"https://github.com/kaushalkumarsimmons/forecasting-crude-oil-prices-using-reservoir-computing-models","is_official":1,"mentioned_in_paper":1,"mentioned_in_github":0,"framework":"none","reach":null}],"tasks":[{"task_slug":"decision-making","task_name":"Decision Making"},{"task_slug":"deep-learning","task_name":"Deep Learning"}],"methods":[],"datasets_introduced":[],"methods_introduced":[],"results":[],"syntology":{"atlas_url":null,"mcp":null,"developers":"https://syntology.ai/developers"},"arxiv_metadata":null,"syntology_extracted_results":null}