Daily Crude Oil Price Forecasting Using Hybridizing Wavelet and Artificial Neural Network Model

Table 5

The RMSE and MAPE comparisons for different models.

Model	Brent		WTI
	MAE	RMSE	MAPE	RMSE
ANN	1.64%	0.9910	1.79%	0.9452
WANN-proposed model	1.31%	0.1851	1.39%	0.7449
GARCH (Rana and Ani [17])		1.8947		0.9518
Yu’ ARIMA (Yu et al. [12])		2.0350		2.0350
Yu’ ANN (Yu et al. [12])		0.8410		0.8410