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Problem to solve: Determine what role oil plays in the Russia economy and predict outcomes in the years to come. Data: year (From 2004 to 2018), oilprice (The spot price of a barrel (159 liters) of benchmark crude oil in US dollars, gpd (Gross domestic product in billions of US dollars

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Russia, Correlation GDP and Oil - Linear Regression

Problem to solve: Determine what role oil plays in the Russia economy and predict outcomes in the years to come.

Data Information:

  • year (From 2004 to 2018)
  • oilprice (The spot price of a barrel (159 litres) of benchmark crude oil in US dollars
  • gpd (Gross domestic product in billions of US dollars

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Problem to solve: Determine what role oil plays in the Russia economy and predict outcomes in the years to come. Data: year (From 2004 to 2018), oilprice (The spot price of a barrel (159 liters) of benchmark crude oil in US dollars, gpd (Gross domestic product in billions of US dollars

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