Exchange Rate Forecasting Using Entropy Optimized Multivariate Wavelet Denoising Model

Table 5

Entropy of MWVAR prediction with different wavelet parameters and model specifications.

Wavelets	𝐷𝑏2𝐻	𝐷𝑏2𝑆	𝐶𝑜𝑖𝑓𝑙𝑒𝑡2𝐻	𝐶𝑜𝑖𝑓𝑙𝑒𝑡2𝑆
	(×10^−5)	(×10^−5)	(×10^−5)	(×10^−5)
1	3.3462	1.9278	0.5385	0.9922
2	3.7502	3.0319	2.1602	2.3601
3	3.9625	3.1196	2.5694	2.7095
4	3.8269	3.1158	2.5220	2.5955
5	3.8084	3.2815	2.4967	3.1538
6	3.8023	3.4627	2.4291	3.2342
7	3.8048	3.5441	2.5636	3.4439
8	3.8031	3.6604	2.5646	3.4929
9	3.7963	3.7501	2.5565	3.6166