Impact analysis in R - the effects of the COVID-19 pandemic to the oil industry

Marcelo Guarido

We will use the work we have done on forecasting and we will be analyzing the impact of the COVID-19 pandemic on the Oil & Gas industry in the US. We will work with the oil production and price data from before and during the pandemic period, and we will perform an impact analysis. In this lab, we will continue using R and the library Modeltime for time series forecasting and will see the applications of different algorithms, such as the ARIMA, Facebook Prophet, and XGBoost.