Model | In-sample | Out-of-sample | Overall |
---|---|---|---|
A) September 2010—February 2020 | |||
ETS(M,N,M) | 6.93 | 5.43 | 6.65 |
TBATS(0.485,{0,0},-,{< 12,5 >} | 7.11 | 5.61 | 7.77 |
ARIMA(1,0,0)(1,1,0) [12] with drifta | 14.60 | 19.98 | 17.62 |
UCM with irregular, level, slope and seasonality modelled with a fourth degree spline and 6 knots from December to May | 12.27 | 10.40 | 10.97 |
B) September 2010 – September 2023 with forecasted COVID-19 | |||
ETS(M,N,M) | 6.69 | 7.46 | 6.85 |
TBATS(0.123,{0,0},-,{< 12,5 >} | 6.72 | 6.81 | 6.87 |
ARIMA(1,0,0)(2,1,0) [12] with drifta | 13.07 | 29.94 | 25.33 |
UCM with irregular, level, slope and seasonality modelled with a fourth degree spline and 6 knots from December to May | 11.70 | 10.20 | 11.08 |