Exchange Rate Forecasting Using Entropy Optimized Multivariate Wavelet Denoising Model

Table 2

Descriptive statistics and statistical tests.

Statistics	𝑟rmb,1	𝑟rmb,2	𝑟rmb,3	𝑟euro,1	𝑟euro,2	𝑟euro,3
Minimum	−0.0087	−0.0060	−0.0029	−0.0303	−0.0237	−0.0158
Maximum	0.0046	0.0059	0.0039	0.0461	0.0238	0.0196
Mean	0.0002	0.0001	0.0001	−0.0001	0	0
Standard deviation	0.0012	0.0011	0.00094435	0.0087	0.0070	0.0054
Kurtosis	9.2450	10.7865	5.1886	6.2843	3.4396	3.7204
Skewness	−0.7236	−0.0094	0.4462	0.5609	−0.0970	0.1224
𝑝JB	0.0010	0.0010	0.0010	0.0010	0.0434	0.0109