Model

RMSE

MAE

MAPE

SMAPE

1 Period Ahead

ARMA

0.047073

0.047073

1.165444

1.158692

Forecast

VECM

0.013051

0.013051

0.323126

0.322605

2 Period Ahead

ARMA

0.043379

0.043206

1.079110

1.073283

Forecast

VECM

0.024083

0.022255

0.558521

0.556691