A New Approach for Reconstruction of IMFs of Decomposition and Ensemble Model for Forecasting Crude Oil Prices

Table 3

Measurements of testing forecasts accuracies of daily COPs.

Model	Brent				WTI
	MAE	RMSE	MAPE	DS	MAE	RMSE	MAPE	DS
EEMD-R-ANN	0.391	0.502	0.542	89.78	0.372	0.476	0.572	91.44
EEMD-R-ARIMA	0.408	0.534	0.559	88.25	0.375	0.479	0.577	90.07
EEMD-SD-ANN	0.751	0.999	1.022	76.03	0.691	0.913	1.018	77.42
EEMD-SD-ARIMA	0.757	1.008	1.027	75.38	0.720	0.957	1.055	75.99
EEMD-AMI-ANN	1.031	1.369	1.405	62.47	0.991	1.263	1.404	62.07
EEMD-AMI-ARIMA	1.036	1.382	1.404	61.97	0.999	1.271	1.410	60.92
EEMD-ANN	0.504	0.644	0.681	81.13	0.410	0.528	0.620	83.38
EEMD-ARIMA	0.519	0.667	0.697	79.83	0.419	0.533	0.629	81.84
ANN	1.050	1.460	1.427	52.29	1.002	1.382	1.478	55.55
ARIMA	1.063	1.487	1.433	51.65	1.009	1.389	1.489	53.37