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

Future Business Journal

Table 5 Forecast performance results using 75% of the data sample

	Symmetric predictive model				Asymmetric predictive 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	0.0573	0.0562	0.0554	0.0550	0.0535	0.0525	0.0522	0.0524
Nigeria	0.0794	0.07999	0.0792	0.0781	0.0770	0.0773	0.0776	0.0765
S. Arabia	0.0721	0.0726	0.0717	0.0725	0.0683	0.0686	0.0683	0.0715
UAE	0.0608	0.0604	0.05998	0.0593	0.0591	0.0589	0.0591	0.0589
Venezuela	0.1204	0.1195	0.1207	0.1195	0.1192	0.1181	0.1197	0.1192

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