Two Different Points of View through Artificial Intelligence and Vector Autoregressive Models for Ex Post and Ex Ante Forecasting

Table 1

Results for stable and unstable situations based on simulations for the chosen VAR() model.

	Lag length
Information criterion	0	1	2	3	4	5
Frequency distribution of estimated VAR orders,
HJC, stable VAR	3.25	4.0	97.5	4.5	2.0	0.3
HJC, unstable VAR	0.1	3.3	95.3	4.3	3.1	0.2

HJC signifies the Hatemi-J information criterion presented by (2).