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Pattern prediction of crude oil using regression moderated with Markov switching model

Scarcity of refined products for long time does contribute to economic backwardness and de-industrialization of most sub-Saharan African and the Organization of Petroleum Exporting Countries (OPEC). Institutional quality and managerial transparency absence impacted the downstream sub-sector negative...

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Main Authors:	Zhou, Ding, Qazi, Atika, Raj, Ram Gopal, Liew, Haw Ling, Eledo, Celestine O.
Format:	Article
Published:	Faculty of Computer Science and Information Technology, University of Malaya 2019
Subjects:	QA75 Electronic computers. Computer science TJ Mechanical engineering and machinery
Online Access:	http://eprints.um.edu.my/22896/ https://doi.org/10.22452/mjcs.vol32no2.5
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spelling	my.um.eprints.228962019-10-31T08:41:08Z http://eprints.um.edu.my/22896/ Pattern prediction of crude oil using regression moderated with Markov switching model Zhou, Ding Qazi, Atika Raj, Ram Gopal Liew, Haw Ling Eledo, Celestine O. QA75 Electronic computers. Computer science TJ Mechanical engineering and machinery Scarcity of refined products for long time does contribute to economic backwardness and de-industrialization of most sub-Saharan African and the Organization of Petroleum Exporting Countries (OPEC). Institutional quality and managerial transparency absence impacted the downstream sub-sector negatively and induces Nigeria to import 80% refined products despite its huge crude oil exports. We have used Markov-switching models, a stochastic technique capable of capturing statistical knowledge to moderate Newton Series Polynomial generated on a best linear slope equation. And postulate that with less than 70% annual refinery utilization and undemocratic institutional performance, the Nigerian state will continue to experience resource curse syndrome. Continuation of Nigeria's mono-product economic structure having demonstrated a dismal performance to the economy may curse doom for the nation if it ignores calls for more domestically refined products. This paper offers an oil utilization directional guide to economic development in oil rich nations as against historical illustration of resources rich nations' failure to develop fast. However, if Nigeria chooses to maintain its current crude oil exports status industrialization is foregone. Faculty of Computer Science and Information Technology, University of Malaya 2019 Article PeerReviewed Zhou, Ding and Qazi, Atika and Raj, Ram Gopal and Liew, Haw Ling and Eledo, Celestine O. (2019) Pattern prediction of crude oil using regression moderated with Markov switching model. Malaysian Journal of Computer Science, 32 (2). pp. 149-162. ISSN 0127-9084 https://doi.org/10.22452/mjcs.vol32no2.5 doi:10.22452/mjcs.vol32no2.5
institution	Universiti Malaya
building	UM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Malaya
content_source	UM Research Repository
url_provider	http://eprints.um.edu.my/
topic	QA75 Electronic computers. Computer science TJ Mechanical engineering and machinery
spellingShingle	QA75 Electronic computers. Computer science TJ Mechanical engineering and machinery Zhou, Ding Qazi, Atika Raj, Ram Gopal Liew, Haw Ling Eledo, Celestine O. Pattern prediction of crude oil using regression moderated with Markov switching model
description	Scarcity of refined products for long time does contribute to economic backwardness and de-industrialization of most sub-Saharan African and the Organization of Petroleum Exporting Countries (OPEC). Institutional quality and managerial transparency absence impacted the downstream sub-sector negatively and induces Nigeria to import 80% refined products despite its huge crude oil exports. We have used Markov-switching models, a stochastic technique capable of capturing statistical knowledge to moderate Newton Series Polynomial generated on a best linear slope equation. And postulate that with less than 70% annual refinery utilization and undemocratic institutional performance, the Nigerian state will continue to experience resource curse syndrome. Continuation of Nigeria's mono-product economic structure having demonstrated a dismal performance to the economy may curse doom for the nation if it ignores calls for more domestically refined products. This paper offers an oil utilization directional guide to economic development in oil rich nations as against historical illustration of resources rich nations' failure to develop fast. However, if Nigeria chooses to maintain its current crude oil exports status industrialization is foregone.
format	Article
author	Zhou, Ding Qazi, Atika Raj, Ram Gopal Liew, Haw Ling Eledo, Celestine O.
author_facet	Zhou, Ding Qazi, Atika Raj, Ram Gopal Liew, Haw Ling Eledo, Celestine O.
author_sort	Zhou, Ding
title	Pattern prediction of crude oil using regression moderated with Markov switching model
title_short	Pattern prediction of crude oil using regression moderated with Markov switching model
title_full	Pattern prediction of crude oil using regression moderated with Markov switching model
title_fullStr	Pattern prediction of crude oil using regression moderated with Markov switching model
title_full_unstemmed	Pattern prediction of crude oil using regression moderated with Markov switching model
title_sort	pattern prediction of crude oil using regression moderated with markov switching model
publisher	Faculty of Computer Science and Information Technology, University of Malaya
publishDate	2019
url	http://eprints.um.edu.my/22896/ https://doi.org/10.22452/mjcs.vol32no2.5
_version_	1651867372751945728
score	13.211869

Pattern prediction of crude oil using regression moderated with Markov switching model

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