A New Approach for Forecasting Crude Oil Prices Using Median Ensemble Empirical Mode Decomposition and Group Method of Data Handling

Table 2

Forecasting accuracy comparison of single models.

Models	Brent			WTI
	GMDH	ANN	ARIMA	GMDH	ANN	ARIMA
RMSE	0.1772	1.1372	2.2543	0.5173	1.2397	2.0031
MAE	0.3126	1.0292	1.3469	0.5763	0.9235	2.8719
MAPE	0.2994	1.2885	1.5164	0.7584	1.5234	1.5035