Forecasting Crude Oil Price with Multiscale Denoising Ensemble Model

Table 1

Descriptive statistics and statistical tests for WTI market.

Data	𝑟	𝑟denoisedData,Coiflet(5)	𝑟noises,Coiflet(5)
Mean	0.0011	0.0011	0
SD	0.0231	0.0129	0.0192
Skewness	−0.4219	−1.2468	0.0153
Kurtosis	4.7676	16.9730	2.9808
JB test	0	0	0.5000
BDS test	0.0029	0	0.4178