Research Article
Daily Crude Oil Price Forecasting Using Hybridizing Wavelet and Artificial Neural Network Model
Table 5
The RMSE and MAPE comparisons for different models.
| Model | Brent | WTI | MAE | RMSE | MAPE | RMSE |
| ANN | 1.64% | 0.9910 | 1.79% | 0.9452 | WANN-proposed model | 1.31% | 0.1851 | 1.39% | 0.7449 | GARCH (Rana and Ani [17]) | | 1.8947 | | 0.9518 | Yu’ ARIMA (Yu et al. [12]) | | 2.0350 | | 2.0350 | Yu’ ANN (Yu et al. [12]) | | 0.8410 | | 0.8410 |
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