Research Article
A Crude Oil Spot Price Forecasting Method Incorporating Quadratic Decomposition and Residual Forecasting
Table 1
Taxonomy of crude oil price forecasts identified through the study literature review.
| Model type | Literature |
| Historical data + hybrid model | [12, 15] | Historical data + external factors + hybrid model | [19] | Primary decomposition + historical data + single model | [13, 20–23] | Primary decomposition + historical data + hybrid model | [10, 16] | Secondary decomposition + historical data + single model | [29] | Secondary decomposition + historical data + external factors + single model | Proposed model |
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