Table 4 Out-of-sample forecasting comparison criteria (1-day ahead forward prediction)

0.758

0.834

0.429

0.981

0.956

0.613

1.560

1.584

0.891

0.684

0.657

0.486

1.472

1.409

0.959

0.859

0.855

0.731

1.232

1.450

0.673

1.360

1.361

1.188

1.502

1.415

1.219

1.459

1.470

1.385

3.995

3.816

3.442

1.802

1.796

1.438

1.838

1.802

1.640

2.899

2.899

2.778

1.133

1.189

0.690

1.404

1.398

1.099

3.423

2.740

1.842

1.106

1.103

0.765

1.327

1.388

0.817

1.201

1.201

1.143

1.824

1.763

1.260

1.376

1.370

1.163

0.983

1.072

0.344

1.745

1.627

0.755

4.787

4.626

1.524

0.730

0.718

0.411

4.490

4.175

2.698

1.413

1.410

1.078

2.522

3.221

0.899

4.074

3.867

3.123

3.971

3.761

3.161

3.994

3.965

3.626

25.729

23.759

18.416

5.934

5.935

3.407

6.436

6.068

4.981

19.099

19.099

17.194

2.851

2.828

1.131

3.862

3.816

2.049

19.631

14.336

8.556

2.423

2.421

1.273

2.794

2.830

1.123

2.679

2.679

2.364

7.419

6.668

4.283

4.595

4.554

3.528