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

Table 4

Measurements of testing forecasts accuracies of weekly COPs.

Model	Brent				WTI
	MAE	RMSE	MAPE	DS	MAE	RMSE	MAPE	DS
EEMD-R-ANN	0.682	0.862	0.933	93.16	0.637	0.824	0.936	94.46
EEMD-R-ARIMA	0.684	0.865	0.936	92.08	0.646	0.838	0.952	92.81
EEMD-SD-ANN	1.773	2.283	2.359	75.65	1.777	2.249	2.579	78.39
EEMD-SD-ARIMA	1.789	2.345	2.365	75.01	1.786	2.302	2.582	77.71
EEMD-AMI-ANN	2.432	3.294	3.295	56.74	2.279	2.944	3.371	58.17
EEMD-AMI-ARIMA	2.534	3.394	3.439	55.81	2.312	2.976	3.406	57.49
EEMD-ANN	0.747	0.971	1.021	81.89	0.728	0.920	1.069	83.66
EEMD-ARIMA	0.767	0.995	1.052	80.17	0.786	0.997	1.162	81.93
ANN	2.450	3.332	3.322	53.32	2.318	3.015	3.411	54.14
ARIMA	2.572	3.467	3.471	51.29	2.357	3.064	3.465	52.94