Evolución de los precios del petróleo

Abstract

The price of oil and all the factors that determine its evolution have challenged any existing prediction models. This has generated the search for models, allowing as far as possible, a scientific analysis of financial markets. This has led to the development of a new area of investigation, which is econophysics, where certain physical models are very promising for scientific analysis of economic systems. Here, we develop a model that aims to predict the WTI oil price for the years 2014-2024, using as essencial variable, the historical volatility of prices for the years 1986-2013.