Pick-up rate across all the predictors (IMAGE)

Shanghai Jiao Tong University Journal Center

Pick-up rate across all the predictors

Caption

Macroeconomic predictors dominate the pick-up rate, with UNRATE ranking the highest at 25.64%, followed by GPRH at 20.86%, and TPU at 20.80%. These predictors capture key aspects of labor market dynamics, geopolitical risks, and trade policy uncertainty. This aligns with Baumeister et al. (2022), who demonstrated that macroeconomic indicators, such as unemployment rates and economic activity indices, are robust predictors of energy-related market performance.

Credit

Xinling Liu (Southeast University, China) Binjie Wang and Jianhao Xue (Nanjing University of Aeronautics and Astronautics, China) Qunwei Wang (Nanjing University of Aeronautics and Astronautics, China) Xingyu Dai (Nanjing University of Aeronautics and Astronautics, China) Xuan-Hoa Nghiem (Vietnam National University, Vietnam)

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