Table 7: The forecasting accuracy of various models.

MethodMAEMAPERMSEAverage range

Expert 1, Model I0.1099.9%0.1330.447
Expert 2, Model I0.10910.5%0.1330.457
Expert 3, Model I0.1039.8%0.1300.493
Expert 1, Model II0.13814.1%0.1650.792
Expert 2, Model II0.21822.0%0.2571.027
Expert 3, Model II0.13613.7%0.1630.840
Expert 1, Model III0.1029.6%0.1290.438
Expert 2, Model III0.1029.7%0.1290.465
Expert 3, Model III0.1039.8%0.1300.494
The proposed methodology0.0010.1%0.0010.385