Table 10 Significance test results of the proposed forecast

EOAEFA-FLN

p and h-values from Wilcoxon signed rank test

NASDAQ

p = 1.7522e-1, h = 1

p = 3.12432e-4, h = 1

p = 2.0402e-3

h = 1

p = 3.203e-5, h = 1

p = 4.216e-4, h = 1

p = 4.250e-5, h = 1

DJIA

p = 1.1344e-2, h = 1

p = 3.0028e-5, h = 1

p = 23074e-3, h = 1

p = 3.257e-3, h = 1

p = 3.523e-2, h = 1

p = 3.134e-3, h = 1

S&P500

p = 2.3430e-4, h = 1

p = 0.0035e-3, h = 0

p = 2.243e-2, h = 1

p = 2.82017, h = 1

p = 2.752e-1, h = 1

p = 2.343e-4, h = 1

RUSSELL 2000

p = 0.5226e-3, h = 1

p = 0.003502,

h = 0

p = 3.785e-2, h = 1

p = 2.266e-2, h = 1

p = 3.205e-3, h = 1

p = 3.522e-2, h = 1

p and h-values from DM pairwise test

NASDAQ

p = 1.98582, h = 1

p = 2.14206, h = 1

p = 2.07284, h = 1

p = 2.50135, h = 1

p =  − 3.00427, h = 1

p = 3.87091, h = 1

DJIA

p = 2.60553, h = 1

p =  − 2.97426, h = 1

p = 1.96033, h = 0

p = 1.9946, h = 1

p = 2.03294, h = 1

p =  − 2.72885, h = 1

S&P500

p = 1.96273, h = 0

p = 1.98282, h = 1

p = 2.10053, h = 1

p =  − 2.31042, h = 1

p = 1.99652, h = 1

p = 2.83952, h = 1

RUSSELL 2000

p =  − 3.30322, h = 1

p = 2.13216, h = 0

p =  − 2.39820, h = 1

p = 2.40537, h = 1

p = − 2.18215, h = 1

p = 3.20555, h = 1