Table 3. Summary of the MAPE results for 187 countries and at the aggregated level of the world.
Weeks Ahead | Statistic | Forecasting Method | |||
---|---|---|---|---|---|
ARIMA | ETS | RWF With Drift | RWF Without Drift | ||
1 | Min. | 0.11 | 0.10 | 1.46 | 0.08 |
Max. | 7.83 | 8.34 | 10.98 | 12.47 | |
Average | 2.24 | 2.37 | 4.60 | 5.69 | |
St. Dev. | 1.35 | 1.41 | 1.59 | 2.21 | |
2 | Min. | 0.24 | 0.21 | 2.44 | 0.14 |
Max. | 11.81 | 13.44 | 18.5 | 21.01 | |
Average | 3.96 | 4.18 | 7.89 | 9.80 | |
St. Dev. | 2.07 | 2.24 | 2.61 | 3.72 | |
3 | Min. | 0.37 | 0.34 | 3.23 | 0.16 |
Max. | 16.01 | 17.45 | 24.69 | 27.93 | |
Average | 5.78 | 6.06 | 10.84 | 13.38 | |
St. Dev. | 2.75 | 2.98 | 3.49 | 5.03 | |
4 | Min. | 0.52 | 0.48 | 3.94 | 0.18 |
Max. | 20.01 | 20.55 | 29.79 | 33.62 | |
Average | 7.65 | 7.97 | 13.54 | 16.58 | |
St. Dev. | 3.42 | 3.69 | 4.29 | 6.20 |