Table 16. Top 10 models in terms of RMSE - different out-of-sample periods. Forecasting: 24 steps ahead.
24 STEPS ahead (baseline case) | 24 STEPS ahead (expansion 2009) |
Top 10 models | Top 10 models |
AR(6)+S.D.+UR+IC+GI(J.&F.S.) log 2004 | AR(2)+S.D.+UR+IC+GI(J.) log 2004 |
AR(5)+S.D.+UR+IC+GI(J.&F.S.) log 2004 | AR(6)+S.D.+UR+IC+GI(J.) log 2004 |
AR(2)+S.D.+UR+IC+GI(J.&F.S.) log 2004 | AR(3)+S.D.+UR+IC+GI(J.) log 2004 |
AR(2)+S.D.+UR+IC+GI(J.) log 2004 | AR(5)+S.D.+UR+IC+GI(J.) log 2004 |
AR(7)+S.D.+UR+IC+GI(J.&F.S.) log 2004 | AR(7)+S.D.+UR+IC+GI(J.) log 2004 |
AR(4)+S.D.+UR+IC+GI(J.&F.S.) log 2004 | AR(8)+S.D.+UR+IC+GI(J.) log 2004 |
AR(6)+S.D.+UR+IC+GI(J.) log 2004 | AR(9)+S.D.+UR+IC+GI(J.) log 2004 |
AR(3)+S.D.+UR+IC+GI(J.&F.S.) log 2004 | AR(11)+S.D.+UR+IC+GI(J.) log 2004 |
AR(7)+S.D.+UR+IC+GI(J.) log 2004 | AR(4)+S.D.+UR+IC+GI(J.) log 2004 |
AR(8)+S.D.+UR+IC+GI(J.&F.S.) log 2004 | AR(6)+S.D.+UR+IC+GI(J.&F.S.) log 2004 |
Baseline case (left column) and the case including the expansion starting in 2009 (low right column).