Table 8.

Test of robustness -Panel A.

	${\text{R}}_{\text{Is}}^2$(1)	${\text{MAE}}_{\text{oos}}$ (2)	${\text{MSE}}_{\text{oos}}$ (3)	${\text{MedAE}}_{\text{oos}}$(4)	${\text{EVS}}_{\text{oos}}$(5)
Multiple linear regression	0.2752	8.0982	100.9673	7.0795	0.2755
LASSO	0.2114	8.6559	109.9853	7.6287	0.2122
GBR	0.4493	7.0167	76.7933	5.8422	0.4496
RFR	0.5140	6.5405	67.7841	5.4184	0.5150
LightGBM	0.9092	4.968	41.059	3.999	0.739
XGBoost	0.9817	5.156	44.842	4.168	0.716