A Forecast Combination Framework with Multi-Time Scale for Livestock Products’ Price Forecasting

Table 5

DM test results between the best single model and the superior combination model.

Product	Baseline model	Tested model
		GM-VAR	VAR
Pork	Long-term forecast	0.2756	−0.1016
		(0.7840)	(0.9195)
Egg	Long-term forecast	4.6710	4.6725
		()	()
Mutton	Short-term forecast	0.4435	0.4453
		(0.6593)	(0.658)
Beef	Short-term forecast	5.3728	5.2781
		()	()

Numbers in the first row of each product are the S-statistic of the pairing models. Numbers in the brackets are the values of the corresponding S-statistic.