Table 8.

Descriptive statistics of CNN values, historical oil production, and oil production datasets.

	CNN	Historic oil production	Oil production
Mean	0.3409	11135.46	11172.07
Median	0.3311	11423.45	11423.45
Std. Dev.	0.0803	1220.75	1179.87
Skewness	0.2133	−0.2150	−0.2034
Kurtosis	0.3729	−1.3088	−1.2607
Jarque-Bera	0.3358	3.0895∗	2.8797
Augmented Dickey-Fuller	−3.1838∗∗	−2.0042	−1.8434

Note: The descriptive statistics of DJI and GDP are shown in Table 4.