Table 8 Year wise comparison for TAIEX index from 1997 to 2004

Conventional models

Existing RMSE

148

167

149

–

–

–

–

–

Weighted models

133

151

142

–

–

–

–

–

Yu and Huarng

–

–

120

176

148

101

74

84

Huarng et al.

–

–

N/A

154.42

124.02

95.73

70.76

72.35

Yu et al.

–

–

112

131

130

80

58

67

Chen and Chang

–

–

111.70

129.42

113.67

66.82

56.10

64.76

Chen and Chen

–

–

116.64

123.62

123.85

71.98

58.06

57.73

Chen et al.

–

–

101.33

121.27

114.48

67.18

52.72

52.27

Chen and Kao

–

–

87.63

125.34

114.57

76.86

54.29

58.17

Qisen Cai

–

–

102.22

131.53

112.59

60.33

51.54

50.33

The proposed model tolerance limit

Predicted RMSE

(0, 300.72)

(0, 269.93)

(0, 287.83)

(0, 326.31)

(0, 268.35)

(0, 173.46)

(0, 115.98)

(0, 119.68)

Error

Zero

Zero

Zero

Zero

Zero

Zero

Zero

Zero

Predicted MAPE

(−5.14, 3.35)

(−2.90, 3.53)

(−4.15, 3.43)

(−9.21, 5.54)

(−5.00, 5.19)

(−3.11, 3.46)

(−2.21, 1.75)

(−4.01, 2.16)

Predicted Trend

S/M trend

S/M trend

S/M trend

Down trend

Up trend

S/M trend

Down trend

S/M trend