Root Mean Squared Error News Today

Time series data, which comprises observations collected over sequential time intervals, is ubiquitous in various fields like finance, economics, climate

A seemingly simple question: how much did a Texas well produce? A question fundamental to oil & gas analytics, yet difficult to answer due to the problem of lease-to-well allocation. In contrast to most states in the US, operators in Texas report oil & gas production not on well level but on lease level. A lease is comprised of a group of wells in a similar geographic area,

Zidong An, Prakash Loungani A pre-requisite for good macroeconomic policymaking is timely information on the current state of the economy, particularly when economic activity is changing rapidly. Given that GDP figures are usually only available on a quarterly basis, and that monthly survey-based indicators (such as the Purchasing Managers’ Indices) can become unreliable when changes in economic activity are abrupt and massive, the current crisis has prompted a search for alternative high fre...