Time series | Improvement of forecast quality | Same forecast quality | Deterioration of forecast quality |
Gross Domestic Product (GDP) | MAPE, MSFE, MAE, SE (TSW) | MAPE, MSFE, MAE, SE (Levels - all outliers) | |
Consumer Price Index (CPI) | MAPE, MSFE, MAE (TSW) | MAPE, MSFE, MAE, SE (Levels –all outliers) | SE (TSW) |
Harmonised Index of Consumer Prices (HICP) | MAPE, MSFE, MAE (Levels –all outliers) MAPE, MSFE, MAE, SE (TSW), | SE (Levels - all outliers) | |
Industrial Production Index (IPI) | MAPE, MSFE, MAE (Levels –all outliers) | MAPE, MSFE, MAE, SE (TSW) | SE (Levels - all outliers) |
Unemployment - thousands | MSFE (Levels -all outliers, and TSW) | MAPE, MAE, SE (Levels - all outliers, and TSW) | |
Unemployment - percentage | MAPE, MSFE, MAE (Levels –all outliers, and TSW) | SE (Levels –all outliers, and TSW) | |
Retail sales | MAPE, MSFE, MAE (Levels – all outliers) | SE (Levels - all outliers) MAPE, MSFE, MAE, SE (TSW) | |
M1 | MAPE, MSFE, MAE, SE (Levels –all outliers, and TSW) | ||
M2 | MAPE, MAE (Levels –all outliers) | MSFE, SE (Levels - all outliers) MAPE, MSFE, MAE, SE (TSW) | |
M3 | MAPE, MSFE, MAE (Levels –all outliers) | SE (Levels - all outliers) MAPE, MSFE, MAE, SE (TSW), | |
Balance of payments (BOP) - Transport - Payments | MAPE, MSFE, MAE (TSW) | SE (TSW) MAPE, MSFE, MAE, SE (Levels - all outliers) | |
Balance of payments (BOP) - Transport - Receipts | MSFE (Levels – all outliers) MAPE, MSFE, MAE, SE (TSW) | MAPE, MAE, SE (Levels - all outliers) | |
Balance of payments (BOP) - Travelling - Payments | MAPE, MAE, SE (TSW) | MSFE (TSW) MAPE, MSFE, MAE, SE (Levels - all outliers) | |
Balance of payments (BOP) - Travelling - Receipts | SE (TSW) | MAPE, MSFE, MAE (TSW) MAPE, MSFE, MAE, SE (Levels - all outliers) | |
Balance of payments (BOP) - Sea transport - Payments | MAPE, MSFE, MAE (Levels: all outliers, and TSW) | SE (Levels - all outliers, and TSW) | |
Balance of payments (BOP) - Sea transport - Receipts | MAPE, MSFE, MAE (Levels: all outliers, and TSW) | SE (Levels - all outliers, and TSW) |