Modeling and Prediction of the Volatility of the Freight Rate in the Roadway Freight Market of China

Table 7

DM test of the out-of-sample forecast performance with reestimation.

Route-specific TRV	Comparison between models: NN-EGARCH. vs. ARIMA
	DM test	-value
R_CTG	−1.732	0.231
R_CTK	−1.297	0.577
R_CTQ	−0.855	0.877
R_GTC	−0.619	0.924
R_GTK	−1.007	0.745
R_GTQ	−1.382	0.460
R_KTC	−1.417	0.392
R_KTG	−1.109	0.624
R_KTQ	−0.912	0.828
R_QTC	−1.398	0.445
R_QTG	−1.448	0.387
R_QTK	−1.245	0.581