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Financial Innovation

Table 6 Forecast evaluation

From: Financial development during COVID-19 pandemic: the role of coronavirus testing and functional labs

Variables

Included observations

RMSE

MAE

MAPE

Theil

ln(M2)

115

7.384

7.317

64.627

0.480

ln(CASES)

115

6.551

6.416

349.374

0.559

ln(CRITICAL)

78

2.508

2.020

42.387

0.262

ln(DEATHS)

109

3.268

2.732

48.744

0.290

ln(RECOVERED)

113

2.953

2.102

20.804

0.159

ln(TEST)

108

6.117

5.054

28.470

0.210

  1. Note: ‘ln’ shows natural logarithm, M2 shows broad money supply, CASES shows COVID-19 registered cases, DEATHS shows COVID-19 death cases, RECOVERED shows COVID-19 recovered cases, CRITICAL shows COVID-19 critical cases, and TEST show COVID-19 testing capacity
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