Research Article
Exchange Rate Forecasting Using Entropy Optimized Multivariate Wavelet Denoising Model
Table 4
MSE of MWVAR with different wavelet parameters and model specifications.
| | Wavelets | | | | | | | | |
| | 1 | 3.8863 | 3.8766 | 3.8660 | 3.8704 | | 2 | 3.8757 | 3.8696 | 3.8524 | 3.8622 | | 3 | 3.8771 | 3.8650 | 3.8529 | 3.8604 | | 4 | 3.8814 | 3.8688 | 3.8531 | 3.8611 | | 5 | 3.8816 | 3.8726 | 3.8524 | 3.8604 | | 6 | 3.8817 | 3.8728 | 3.8528 | 3.8594 | | 7 | 3.8818 | 3.8729 | 3.8517 | 3.8599 | | 8 | 3.8819 | 3.8741 | 3.8519 | 3.8594 | | 9 | 3.8818 | 3.8746 | 3.8519 | 3.8573 | | Average | 3.8810 | 3.8719 | 3.8539 | 3.8612 |
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