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Table 14 Model Comparison of CPI for the Inflation Rate Series

From: Modeling inflation rate factors on present consumption price index in Ethiopia: threshold autoregressive models approach

Model

AIC

BIC

MAPE (%)

AR(1,1)

882.549

830.050

231.2

AR(2,1)

1111.995

1127.050

240.4

AR(1,1,1)(1,0,1)12

887.622

906.494

221.2

SETAR(2,2,2)

−15.000

−11.730

119.8

SETAR(2,2,3)

−1470.000

−1430.580

122.3

SETAR(2,4,4)

−1500.000

−1451.227

117.1

STAR

−8.200

−3.119

133.7

LSTAR

−12.000

−8.355

130.7