Table 3. Predictive accuracy in developing markets.

	CSI 300 index							Nifty 50 index
Year	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Average	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Average
Panel A. MAPE
WSAEs-LSTM	0.025	0.014	0.016	0.011	0.033	0.016	0.019	0.024	0.019	0.019	0.019	0.018	0.017	0.019
WLSTM	0.025	0.029	0.021	0.020	0.038	0.033	0.028	0.034	0.038	0.030	0.025	0.020	0.029	0.029
LSTM	0.067	0.077	0.047	0.036	0.053	0.055	0.056	0.043	0.034	0.035	0.035	0.027	0.029	0.034
RNN	0.062	0.087	0.052	0.060	0.059	0.075	0.066	0.051	0.038	0.034	0.032	0.036	0.035	0.038
Panel B. R
WSAEs-LSTM	0.861	0.959	0.955	0.957	0.975	0.957	0.944	0.878	0.834	0.665	0.972	0.774	0.924	0.841
WLSTM	0.841	0.801	0.919	0.864	0.977	0.803	0.868	0.803	0.533	0.312	0.958	0.722	0.844	0.695
LSTM	0.440	0.273	0.629	0.742	0.962	0.656	0.617	0.596	0.601	0.027	0.904	0.515	0.772	0.569
RNN	0.614	0.363	0.670	0.343	0.943	0.555	0.581	0.506	0.661	0.263	0.929	0.278	0.704	0.557
Panel C. Theil U
WSAEs-LSTM	0.017	0.009	0.011	0.007	0.023	0.011	0.013	0.016	0.013	0.013	0.013	0.012	0.012	0.013
WLSTM	0.018	0.019	0.014	0.013	0.024	0.022	0.018	0.023	0.025	0.021	0.016	0.014	0.018	0.019
LSTM	0.042	0.049	0.030	0.024	0.031	0.036	0.035	0.030	0.023	0.025	0.024	0.018	0.020	0.024
RNN	0.044	0.053	0.037	0.041	0.036	0.046	0.043	0.034	0.024	0.024	0.021	0.026	0.023	0.025