Smith, Alexander D.
Sweeney, Kevin M.
Zeng, Amy Z
The goal of our project was to identify key economic indicators that have a significant influence on the price of oil per barrel. We identified five key indicators: Change in Inventory, OPEC Policy, GDP, Rig Count, Social/Environmental Factors. We used SPSS to build a linear multi-regression model between the dependent variable (price of oil) and the five indicators. We identified statistically significant variables and examined multiple scenarios in respective case of fluctuations in social/environmental factors and OPEC policy.
Worcester Polytechnic Institute
Major Qualifying Project
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Social Science and Policy Studies
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