Current Forecast of Natural Gas Price
Units: USD per MMBTU, Average of Month. Not Seasonally Adjusted.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for Natural Gas Price
How This Forecast is Produced
The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.
The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components. The decomposed components of the time series are then projected forward in time.
Natural Gas Price
The natural gas prices above are the average of the daily spot prices paid for natural gas at the Henry Hub in Louisiana. The prices are given in US dollars per million British Thermal Units (MMBTU).