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Table 5. 95% Forecast limits for predicted future values for model in Eq. (7) and model in Eq. (15)

From: Investigating seasonality, policy intervention and forecasting in the Indian gold futures market: a comparison based on modeling non-constant variance using two different methods

Lead time (months)

95% forecast limits for the model in Eq. (7)

95% forecast limits for the model in Eq. (15)

Lower limit

Predicted value

Upper limit

Length of interval

Lower limit

Predicted value

Upper limit

Length of interval

Jan 2018

27,145.07

28,912.17

30,734.98

3589.91

27,338.53

28,888.65

30,438.78

3100.25

Feb 2018

27,477.24

30,007.37

32,648.92

5171.68

27,746.25

29,938.32

32,130.39

4384.14

Mar 2018

26,930.74

30,014.46

33,265.29

6334.55

27,219.42

29,904.09

32,588.76

5369.34

Apr 2018

26,112.55

29,635.16

33,380.58

7268.03

26,429.93

29,529.89

32,629.85

6199.92

May 2018

25,599.67

29,515.09

33,709.02

8109.35

25,895.32

29,361.16

32,826.99

6931.67

June 2018

25,507.25

29,803.44

34,433.83

8926.58

25,851.27

29,647.88

33,444.50

7593.23

July 2018

25,463.04

30,114.03

35,154.92

9691.88

25,836.55

29,937.36

34,038.16

8201.61

Aug 2018

26,104.41

31,150.51

36,642.22

10,537.81

26,551.46

30,935.40

35,319.33

8767.87

Sept 2018

26,129.74

31,498.75

37,369.05

11,239.31

26,586.57

31,236.43

35,886.28

9299.71

Oct 2018

25,364.85

30,959.01

37,110.16

11,745.31

25,761.54

30,662.91

35,564.28

9802.74

Nov 2018

25,322.34

31,199.12

37,688.58

12,366.24

25,697.59

30,838.18

35,978.78

10,281.19

Dec 2018

24,597.68

30,666.13

37,402.98

12,805.3

24,883.07

30,252.24

35,621.41

10,738.34

Jan 2019

24,435.55

30,892.56

38,105.71

13,670.16

24,734.05

30,453.99

36,173.94

11,439.89