ARIMA (p, d, q) model | Stationary R2 | RMSE | MAPE | Normalized BIC |
---|
(3,1,1) | 0.726 | 56.553 | 211.467 | 8.845 |
(3,1,3) | 0.761 | 57.071 | 242.255 | 9.173 |
(3,1,4) | 0.784 | 56.677 | 158.674 | 9.314 |
- Bold indicates the comparison of ARIMA (p, d, q) models, the model with the minimum value of the Normalized BIC is considered the best. The minimum value of the Normalized BIC is 8.845, indicating that the ARIMA (3, 1, 1) model is the best among the others. This suggests that this model best fits the data
- RMSE Root Mean Square Error, MAPE Mean Absolute Percentage Error