| MSE |
Difference | S(1) | P_value | Remark | ||
|---|---|---|---|---|---|---|
| Model II | Model III | |||||
| Morocco | 0.3618 | 0.6122 | −0.2504 | −5.64 | 0.000 | Model_II is the better forecast |
| Egypt | 0.2906 | 0.5531 | −0.2625 | −4.09 | 0.003 | Model_II is the better forecast |
| Ghana | 0.1907 | 0.3724 | −0.1817 | −3.74 | 0.000 | Model_II is the better forecast |
| Kenya | 0.2835 | 0.4792 | −0.1957 | −2.47 | 0.000 | Model_II is the better forecast |
| Mauritius | 0.2778 | 0.5902 | −0.3124 | −4.16 | 0.003 | Model_II is the better forecast |
| Nigeria | 0.3836 | 0.6172 | −0.2336 | −3.91 | 0.002 | Model_II is the better forecast |
| Rwanda | 0.3357 | 0.5906 | −0.2549 | −3.04 | 0.001 | Model_II is the better forecast |
| S.Africa | 0.2855 | 0.5146 | −0.2291 | −3.01 | 0.000 | Model_II is the better forecast |
| Tanzania | 0.3001 | 0.5022 | −0.2021 | −2.27 | 0.000 | Model_II is the better forecast |
: Forecast accuracy is equal.