Table 9: Performances for testing data.

Forecasting models cse-all cse-30 RMSE CC RMSE CC GA 5.37 0.96 0.92 6.48 0.94 0.88 ANFIS 6.93 0.94 0.88 5.59 0.97 0.94 GARCH 8.58 0.89 0.79 7.89 0.90 0.81

Note: We considered February 1, 2005 to May 5, 2011 as a testing period.