Table 4.

Results of the BOP forecast for the testing sample.

Model	RMSE	MAE	SMAPE	Theil U1
ARIMA-SIC	0.011460	0.007823	2.125137	0.011272
ARIMA–SIC–WAR	0.011458	0.007825	2.125269	0.011271
ARIMA-AIC	0.011453	0.007818	2.122844	0.011265
ARIMA-AIC-WAR	0.011451	0.007820	2.122960	0.011264
TARMA	0.011455	0.007814	2.122288	0.011269
ENNREG	0.011435	0.007826	2.108600	0.011248
ENNREG-WAR	0.011423	0.007810	2.120558	0.011237