Day-Ahead Crude Oil Price Forecasting Using a Novel Morphological Component Analysis Based Model

Table 3

Pesaran-Timmermann directional test.

Models	Dstat%	PT
ARMAWTI	51.96	0.1227
SVRWTI	48.74	0.7499
MCA-RW-SVRWTI	52.65	0.0768
ARMABrent	50.48	0.4524
SVRBrent	46.52	0.9707
MCA-ARMA-SVRBrent	54.30	0.0102