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CBO's Oil Price Forecasting Record: Working Paper 2020-03

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Listed:
  • Ron Gecan

Abstract

CBO forecasts benchmark prices of oil to support its economic and budgetary projections. This paper describes the method CBO uses to forecast oil prices and assesses the quality of the agency's projections during the 1993–2019 period, including how that quality compares with that of other forecasts.

Suggested Citation

  • Ron Gecan, 2020. "CBO's Oil Price Forecasting Record: Working Paper 2020-03," Working Papers 56356, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:56356
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    File URL: https://www.cbo.gov/system/files/2020-05/56356-CBO-oil-price-transparency-working-paper.pdf
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    More about this item

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting

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