Out-of-Sample Forecast Performance

Statistic

Model 1

Model 2

Model 3

Model 4

Model 5

RMSE

0.4084

0.4862

0.5466

0.5361

0.4571

MAE

0.2772

0.3166

0.3674

0.3877

0.3229

TII

0.5011

0.6735

0.6591

0.6329

0.6065