Table 4 Comparison of the fitting and forecasted abilities between ARDL and NARDL.
Models | Fitting part | Forecasting part | ||||||
---|---|---|---|---|---|---|---|---|
MAD | MAPE | RMSE | MER | MAD | MAPE | RMSE | MER | |
ARDL | 21.484 | 0.238 | 30.814 | 0.175 | 32.485 | 0.477 | 42.583 | 0.520 |
NARDL | 20.564 | 0.237 | 28.453 | 0.167 | 16.754 | 0.263 | 21.984 | 0.268 |