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Table 11 MAPE and RMSE loss functions for the import of goods models (in nominal values)

From: The D-model for GDP nowcasting

Q

M

Midas

Regression

AR

RW

MAPE (%)

RMSE

MAPE (%)

RMSE

MAPE (%)

RMSE

MAPE (%)

RMSE

Current quarter

M1

4.01

787.4

4.35

861.2

    

M2

3.94

743.1

4.31

838.7

    

M3

3.16

558.1

3.49

605.1

6.12

1329.9

6.14

1308.9

Next quarter

M1

2.67

429.3

2.67

439.9

    

M2

2.35

380.0

2.40

385.3

    
 

M3

    

4.65

987.7

4.58

914.9