Table 5 Out-of-sample forecasting comparison criteria (7-day ahead forward prediction)

0.707

0.785

0.404

0.898

0.883

0.526

1.530

1.560

0.921

0.628

0.607

0.423

1.467

1.419

1.022

0.844

0.840

0.714

1.419

1.592

0.699

1.311

1.324

1.143

1.782

1.714

1.547

1.628

1.626

1.533

4.173

4.057

3.708

1.925

1.917

1.544

1.777

1.730

1.592

2.721

2.721

2.576

1.217

1.231

0.744

1.374

1.384

1.067

3.621

2.982

2.161

1.156

1.157

0.777

1.278

1.391

0.843

1.147

1.147

1.092

1.897

1.846

1.364

1.363

1.361

1.140

0.915

0.997

0.326

1.572

1.484

0.599

4.624

4.562

1.655

0.648

0.630

0.311

4.502

4.268

2.969

1.405

1.405

1.061

3.416

3.974

0.978

3.890

3.694

3.004

6.407

5.970

4.974

4.848

4.800

4.376

28.587

26.649

21.910

6.483

6.455

3.806

6.227

5.890

4.811

17.441

17.441

15.062

3.100

3.042

1.224

3.681

3.700

1.869

21.565

17.346

11.769

2.588

2.593

1.323

2.585

2.809

1.064

2.333

2.333

2.067

8.193

7.551

5.168

4.489

4.454

3.348