An Application of Hybrid Models for Weekly Stock Market Index Prediction: Empirical Evidence from SAARC Countries

Table 1

Forecasting performance of different models.

Errors	ARIMA	MLP	RNN	ARIMA-MLP	ARIMA-RNN
MAPE	19.601	8.997	10.491	6.351	7.993
MAE	8739.75	3877.69	4301.11	3021.99	3491.74
RMSE	10315.3	4808.57	5420.97	3989.22	4550.1