Faculty Advisor

Smith, Alexander D.

Faculty Advisor

Sweeney, Kevin M.

Faculty Advisor

Zeng, Amy Z

Abstract

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.

Publisher

Worcester Polytechnic Institute

Date Accepted

December 2016

Major

Management Engineering

Major

Economic Science

Major

Industrial Engineering

Project Type

Major Qualifying Project

Accessibility

Unrestricted

Advisor Department

Social Science and Policy Studies

Advisor Department

Business

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