MSE Decomposition | MSE Decomposition | |||||||
MSE | Bias | Reg. | Resid. | MSE | Bias | Reg. | Resid. | |
Gasoline | Liquid Petroleum Gases | |||||||
US Demand | 0.01 | 0.20 | 0.02 | 0.78 | 0.02 | 0.01 | 0.00 | 0.99 |
ROW Demand | 0.02 | 0.41 | 0.08 | 0.51 | 0.02 | 0.20 | 0.03 | 0.77 |
US Supply | 0.01 | 0.08 | 0.00 | 0.92 | 0.03 | 0.09 | 0.01 | 0.91 |
ROW Supply | 0.04 | 0.52 | 0.26 | 0.22 | 0.10 | 0.25 | 0.62 | 0.14 |
Price | 0.18 | 0.54 | 0.22 | 0.24 | 0.31 | 0.45 | 0.15 | 0.41 |
Distillate | Other Products | |||||||
US Demand | 0.01 | 0.00 | 0.02 | 0.98 | 0.02 | 0.08 | 0.01 | 0.91 |
ROW Demand | 0.01 | 0.00 | 0.00 | 1.00 | 0.04 | 0.06 | 0.03 | 0.91 |
US Supply | 0.02 | 0.00 | 0.00 | 1.00 | 0.04 | 0.10 | 0.05 | 0.85 |
ROW Supply | 0.02 | 0.00 | 0.07 | 0.93 | 0.03 | 0.20 | 0.07 | 0.74 |
Price | 0.13 | 0.04 | 0.17 | 0.79 | 0.26 | 0.20 | 0.65 | 0.16 |
Aviation Fuels | Petroleum Coke | |||||||
US Demand | 0.02 | 0.00 | 0.01 | 0.99 | 0.03 | 0.03 | 0.02 | 0.95 |
ROW Demand | 0.02 | 0.00 | 0.05 | 0.95 | 0.07 | 0.08 | 0.16 | 0.76 |
US Supply | 0.03 | 0.01 | 0.05 | 0.94 | 0.05 | 0.00 | 0.20 | 0.79 |
ROW Supply | 0.02 | 0.00 | 0.04 | 0.95 | 0.02 | 0.04 | 0.01 | 0.96 |
Price | 0.14 | 0.08 | 0.09 | 0.83 | 0.26 | 0.00 | 0.66 | 0.34 |
Residual Fuel Oil | ||||||||
US Demand | 0.02 | 0.26 | 0.21 | 0.53 | ||||
ROW Demand | 0.02 | 0.24 | 0.00 | 0.76 | ||||
US Supply | 0.09 | 0.01 | 0.17 | 0.83 | ||||
ROW Supply | 0.05 | 0.00 | 0.00 | 1.00 | ||||
Price | 0.25 | 0.40 | 0.26 | 0.34 |