Table 6. The outcome criteria values of...

Table 6.

The outcome criteria values of the further diagnostic models

Model selected →		Arima (12,1,1)	Arima (12,1,24)	Arima (24,1,12)	Arima (24,1,9)	Arima (24,1,3)	Arima (24,1,1)
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
↓ Criteria	Expectation
Stationary R-squired	Higher value	0.726	0.770	0.782	0.809	0.795	0.798
R-squared	Higher value	0.824	0.852	0.860	0.878	0.868	0.871
RMSE	Lower value	0.122	0.135	0.131	0.119	0.117	0.115
MAPE	Lower value	30.554	30.949	29.986	26.598	26.582	27.565
MaxAPE	Lower value	1524.565	1407.358	1412.571	1200.166	1193.314	1245.573
MAE	Lower value	0.066	0.073	0.069	0.064	0.066	0.065
MaxAE	Lower value	0.459	0.314	0.374	0.322	0.346	0.352
Normalized- BIC	Lower value	−3.242	−1.949	−2.001	−2.336	−2.655	−2.799
Ljung-Box Statistics (Sig.)	Lower value (Sig. should be > 0.05)	10.283 (0.068)	− ( − )	− ( − )	− ( − )	− ( − )	− ( − )
Constant Estimate (Sig.)	Lower value (Sig. should be > 0.05)	−0.003 (0.995)	−0.664 (0.208)	−0.665 (0.163)	−0.636 (0.051)	−0.669 (0.013)	−0.316 (0.175)

Model selected →		Arima (12,1,1)	Arima (12,1,24)	Arima (24,1,12)	Arima (24,1,9)	Arima (24,1,3)	Arima (24,1,1)
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)
↓ Criteria	Expectation
Stationary R-squired	Higher value	0.726	0.770	0.782	0.809	0.795	0.798
R-squared	Higher value	0.824	0.852	0.860	0.878	0.868	0.871
RMSE	Lower value	0.122	0.135	0.131	0.119	0.117	0.115
MAPE	Lower value	30.554	30.949	29.986	26.598	26.582	27.565
MaxAPE	Lower value	1524.565	1407.358	1412.571	1200.166	1193.314	1245.573
MAE	Lower value	0.066	0.073	0.069	0.064	0.066	0.065
MaxAE	Lower value	0.459	0.314	0.374	0.322	0.346	0.352
Normalized- BIC	Lower value	−3.242	−1.949	−2.001	−2.336	−2.655	−2.799
Ljung-Box Statistics(Sig.)	Lower value(Sig. should be > 0.05)	10.283(0.068)	−( − )	−( − )	−( − )	−( − )	−( − )
Constant Estimate(Sig.)	Lower value(Sig. should be > 0.05)	−0.003(0.995)	−0.664(0.208)	−0.665(0.163)	−0.636(0.051)	−0.669(0.013)	−0.316(0.175)