Future Business Journal

Table 4 Forecast performance results using 50% of the data sample

From: Economic policy uncertainty and stock returns among OPEC members: evidence from feasible quasi-generalized least squares

	Symmetric model				Asymmetric model
	In-sample RMSE	Out-of-sample RMSE			In-sample RMSE	Out-of-sample
	In-sample RMSE	h = 4	h = 8	h = 12	In-sample RMSE	h = 4	h = 8	h = 12
Kuwait	0.0629	0.0609	0.0597	0.0585	0.0543	0.0553	0.0559	0.0549
Nigeria	0.0879	0.0868	0.0861	0.0844	0.0840	0.0838	0.0829	0.0816
S. Arabia	0.0781	0.0761	0.0746	0.0730	0.0708	0.0695	0.0679	0.0670
UAE	0.0633	0.0637	0.0636	0.0633	0.0597	0.0605	0.0601	0.0605
Venezuela	0.0804	0.0820	0.0895	0.0993	0.0745	0.0747	0.0834	0.0952

The bolded values are the smaller RMSE values, which give better forecasting accuracy of the predictive model

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