Table 3

Forecast accuracy measures of the single and hybrid models for the industrial category

ModelRMSEMAEMAPE
SARIMA 0.0427 0.0325 6.3835 
ETS 0.0453 0.0374 6.4284 
NNAR 0.0716 0.0618 11.8761 
ARIMA-ETS 0.0400 0.0330 6.5185 
ARIMA-NNAR 0.0489 0.0427 8.3303 
ETS-NNAR 0.0469 0.0418 8.1298 
ARIMA-ETS-NNAR 0.0405 0.0330 6.5044 
ModelRMSEMAEMAPE
SARIMA 0.0427 0.0325 6.3835 
ETS 0.0453 0.0374 6.4284 
NNAR 0.0716 0.0618 11.8761 
ARIMA-ETS 0.0400 0.0330 6.5185 
ARIMA-NNAR 0.0489 0.0427 8.3303 
ETS-NNAR 0.0469 0.0418 8.1298 
ARIMA-ETS-NNAR 0.0405 0.0330 6.5044 
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