Table 1. ARIMA model fit statistics.
Ljung-Box | ||||||
---|---|---|---|---|---|---|
Country, Model | R2 | Normalized BIC* | RMSE† | MAPE‡ | Statistics | P |
United States ARIMA (0,1,1)(1,0,0) |
0.99 | 1.88 | 2.43 | 3.65 | 18.17 | 0.31 |
United Kingdom ARIMA (0,1,1)(0,1,1) |
0.98 | 2.51 | 3.38 | 7.21 | 23.48 | 0.10 |
Australia ARIMA (0,1,1)(0,1,1) |
0.96 | 3.23 | 4.85 | 9.57 | 13.74 | 0.62 |
Brazil ARIMA (0,1,1)(1,0,1) |
0.99 | 2.12 | 2.70 | 9.47 | 22.06 | 0.11 |
* Normalized Bayesian Information Criteria
† Root mean square error
‡ Mean absolute percentage error